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CorVel Manages Risk

Sep. 14, 2021 5:30 PM ETCorVel Corporation (CRVL)
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Jim Van Meerten's Blog
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  • 100% technical buy signals.
  • 15 new highs and up1193% in the last month.
  • 99.99% gain in the last year.

The Barchart Chart of the Day belongs to the insurance brokerage 

CorVel (CRVL).   I found the company by sorting Barchart's All Time High list first by the highest number of new highs in the last month, then used the Flipchart function to review the charts for consistent price appreciation. Since the Trend Spotter signaled a buy on 6/11 the stock gained 39.08%.  

Image result for corvel logo

CorVel Corporation is an independent national provider of innovative workers' compensation, auto, liability and health solutions for employers, insurance companies, third party administrators, and government agencies seeking to control costs and promote positive outcomes. The Company applies technology, intelligence, and a human touch throughout the risk management process so their clients can intervene early and often while being connected to the critical intelligence they need to proactively manage risk. The Company's services include automated medical fee auditing, national preferred provider network, early intervention, utilization review, medical case management, vocational rehabilitation services, telephonic case management and independent medical examinations. With a robust technology platform at its core, their connected solution is delivered by a national team of associates who are committed to helping clients design and administer programs that meet their organization's performance goals.

CorVel Corporation

5128 Apache Plume RoadSuite 400Fort Worth, TX 76109United States817 390 1416http://www.corvel.com


Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart technical indicators:

  • 100% technical buy signals
  • 105.68+ Weighted Alpha
  • 99.99% gain in the last year
  • Trend Spotter buy signal
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 11.93% in the last month
  • Relative Strength Index 72.67%
  • Technical support level at 169.59
  • Recently traded at 170.59 with a 50 day moving average of 151.34

Fundamental factors:

  • Market Cap $3.06 billion
  • P/E 56.53
  • Wall Street has not discovered this company yet so I have no Revenue and Earnings projection
  • The individual investors following the stock on Motley Fool voted 55 to 7 that the stock will beat the market with the more experienced investors voting 7 to 1 for the same result
  • The experts on TipRanks give the stock a 7 out of 10 rating
  • 816 investors are monitoring the stock on Seeking Alpha

The Barchart Chart of the Day highlights stocks that are experiencing exceptional current price appreciation. They are not intended to be buy recommendations as these stock are extremely volatile and speculative. Should you decide to add one of these stocks to your investment portfolio it is highly suggested you follow a predetermined diversification and moving stop loss discipline that is consistent with your personal investment risk tolerance and reevaluate your stop losses at least on a weekly basis.

Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in CRVL, over the next 72 hours.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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