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Monday, March 6, 2017

TRADE OF THE DAY


COMMUNITY HEALTH SYSTEMS (CYH) Once again, Trade Ideas technology points to an opportunity for a trend change with a high short float. Community Health Systems (CYH) has moved higher after recent earnings were better than expected. CYH is showing up on the “Pro Trend Change” Trade Ideas scan that looks for larger cap companies that are basing on the price charts and starting to enter the accumulation stage to move higher.


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The Trade of the Week will wait for CYH to trade at 9.80 before the position is considered open.  At last report, 22% of short sellers will have to decide if they want to stay short this stock. If not, they will be in competition with other long investors and drive the price higher over the coming weeks. The risk management on this position is to not allow the price to fill the recent gap. Therefore 8.45 will be the suggested stop loss for this position.  A reasonable target for this one is 15.00.


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