For my Financial Tides readers I always try to find companies that are getting attention now and will show price movement immediately. One of the easiest ways to find such companies is to screen for companies hitting the most new highs using BarChart. Wednesday evening I found a company that has hit 14 new highs in the last 20 trading session for a monthly gain of 52.08%.
That company is Nighthawk Radiology Holdings (NHWK). The company is one of the leading providers of overnight and off hour radiology services for hospitals, clinics and imaging centers and should get increased revenue if the new health care plan is implemented.
BarChart's 13 technical indicators all rate this stock a 100% BUY. Why am I sure the movement will continue? Morgan Stanley has invited this company to speak at their Global Health Care Conference on September 15 so there will be some press buzz.
Reasons to buy:
- Recent strong price movement
- BarChart rates it a BUY on 13 of 13 technical indicators
- A product that is essential to health care
- An opportunity to get great press coverage in the coming week.
BUY with a stop loss at 6.67. Let me know if it works for you.
Disclosure: No Positions held at time of posting