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RadNet, Inc. (RDNT) - Buy, Sell or Hold?

Sector: Health Care   Sub-Sector: Medical Specialities
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Tue, 28 Nov 2017NoneDojiFri, 10 Nov 2017-2%
***Stock database and scans are updated around midnight (New York time) every trading day.
9.80 0.00 (0%) Nov 28 4:00pm EDT
Open: 9.85 Range: 9.70 - 10.10 Vol: 218.07K Avg Vol: 325.02K
EPS: 0.19 P/E ratio: 57.63 EBITDA: 118.35M Mkt Cap: 517.56M
Analyze "RDNT" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 9.97
Medium Term: Trend is Down
Last Trade is below the 20 day moving average at 10.14
Last Trade is below the 50 day moving average at 10.79
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 8.18
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of RDNT

Stock Trend Analysis - Buy, Sell or Hold "RadNet, Inc." (RDNT)?

RDNT is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 70% of the time spent trading above the 200 day moving average. The 50 day moving average also indicates range bound trading but with a general bullish upside bias. The 20 day moving average is however bucking the long and medium term trends as it is identifying a very weak shorter term trend. These may be early indications of a trend reversal but it is still too early to confirm. The long term trend remains up and the higher probability trade is to selectively buy the dips. A successful test of the 200 SMA currently near 8.18 would be a good place to start scaling in a long position. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "RDNT".

The analyst consensus estimates for the 1 year price target for this stock is $11.67* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Tue, 28 Nov 2017
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