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Jim Van Meerten is the Owner and Publisher of http://FinancialTides.blogspot.com and earned a BS in Accounting and Business Administration from Berry College; a Juris Doctorate from the Woodrow Wilson School of Law; and post-baccalaureate and graduate courses in Business Administration,... More
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Financial Tides by Jim Van Meerten
  • The Nighthawk May Be Ready To Fly - NHWK 0 comments
    Sep 9, 2009 09:52 PM | about stocks: NHWK
    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 was to find such companies is to screen for companies hitting the most new highs using BarChart. This 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

    Themes: Health Care Stocks: NHWK
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  • SNDK- Sandisk Corp -- added to the Van Meerten/BarChart New High portfolio http://bit.ly/3S81Lq
    Dec 23, 2009
  • XCO - EXCO Resources - added to VanMeerten/BarChart New High portfolio http://bit.ly/3S81Lq
    Dec 23, 2009
  • IEP -- Bye Bye Karl -- below 50 DMA
    Dec 23, 2009
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