HCA Holdings: New Highs (NYSE:HCA)
HCA Holdings ($HCA) is printing another new 52 week high today. HCA Holdings is up 0.73% at $45.71 on a volume of 4,711,450 shares, on track for double the average trading volume today.Shares broke out of consolidation in September and have rallied 18.7% in the past month. Short term shares are extended, but have exhibited some strong momentum after resolving their consolidation.
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HCA Holdings is above the 50 day moving average and above the 200 day moving average.
HCA Holdings HCA Inc. is a health care services companies in the United States comprised of 157 general, acute care hospitals; five psychiatric hospitals; and one rehabilitation hospital.
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Hi Josh – Nice catch on this highlight. I do watch this Industry with great interest and anticipation as Affordable Health Care Act gets rolled out. Many of these Hospital Groups should see continued improvement, probably for years and at least till the financial reality of this program is known. With the anticipation of increased insurance enrollment and the service utilization that would likely follow in the healthcare system we will likely see a higher percentage of “winners” within this group. I would surely be interested in knowing your take on this (if you also follow this Industry). I am watching UHS, ACHC, THC but HCA (from what I have read) has a much lower Earnings Growth Rate, actually negative – despite the chart.