Above The Green Line

  • Commentary
    • BUY / SELL SIGNALS
      • Stock Alerts
    • DIVGRO BLOG
    • ETF SECTOR BLOG
    • DOW DOGS BLOG
    • NEWS
    • STOCK IDEAS
  • Strategies
    • SWING TRADING
      • CURRENT POSITIONS
      • WATCHLISTS
      • CLOSED POSITIONS
      • CANDIDATES – TOP 100
      • SPECIALTY STOCKS
    • DAY TRADING
      • Watch List
    • DIVIDEND GROWTH
      • Dividend Growth Portfolio
      • Dividend Calendar
    • DOGS OF THE DOW
      • Dogs of the Dow Portfolio
      • DOW 5 Portfolio
    • ETF SECTOR ROTATION
      • ETF Sector Portfolio
  • Markets
    • US MARKET
      • Commodities
      • Energy
      • Precious Metals
      • Volatility
    • GLOBAL MARKETS
      • MARKET INDICES
      • ECONOMIC CALENDAR
      • FOREX HEAT MAP
      • FOREX CROSS RATES
      • CRYPTOCURRENCY MARKET
    • DASHBOARD
    • IDEAS
  • Investing
    • FORUM
  • Resources
    • ARTICLES
    • WEEKLY STOCK
    • RETIREMENT PLANNING
    • BLOGROLL
    • FAQ
  • About
    • CONTACT US
    • HOW TO WIN
    • #1 AT STOCKCHARTS
  • Log In
  • Subscribe

February 23, 2020

Community Health Systems (CYH) – Long Term Buy soon

COMMUNITY HEALTH SYSTEMS (CYH)

 

Company Profile

Community Health Systems, Inc. engages in the management and operations of hospitals. It operates general acute care hospitals and related healthcare entities that provide inpatient and outpatient healthcare services. The company was founded in March 1985 and is headquartered in Franklin, TN.

CYH Chart
Wait for Community Health to return back to the Green Zone for Money Wave Buy.

What Happened?

Over half a decade Community Health Systems reduced its trailing twelve month revenue by 9.2% for each year. That’s definitely a weaker result than most pre-profit companies report. So it’s not that strange that the share price dropped 32% per year in that period. The stock price dropped from a High of $53.50 to $1.79.

However, recently shares of CYH made new 52-week Highs on Thursday Feb. 21, 2020 after the company posted adjusted earnings per share of $0.40, well above the average analysts’ estimate of an adjusted net loss of $0.46 per share in Q4.

This has caused a technical Break Out on the stock above $4.90. which now should become Support. This could also mean that many Investors agree that the Company will no longer go broke. It could also be acquired before reaching the All Time High of $53.50.   As a result, its Relative Strength as evidence in the daily chart is now 99.

When to Buy?

CYH is currently Way Above the Green Line. We will wait to Buy when CYH returns to the Green Zone for a Daily Money Wave Buy Signal.

Objective

Above the Green Line is watching CYH for a long term investment. Mutual Funds paid $53.50 for CYH in 2015, and is now on Sale. Target is $20.00, if it can hold above the $4.90 Support. Wait to Buy on the Next Daily Green Zone Buy Signal.

CYH Chart
Nice Break Out on Community Health (CYH).

Follow the Rules: Above the Green Line + Above 90 Relative Strength

Join Now
Become a Green Liner!

Daily Investment Commentary

 

 

Posted By AbovetheGreenLine at 7:19 pm Leave a Comment

Leave a Reply Cancel reply

You must be logged in to post a comment.

Voted #1 at Stock Charts

SH Chart
Inverse S&P 500 Fund (SH) will have a Money Wave Buy today.

Help Us Help Animals

Help Us Help Animals

Recent Comments

  • Money Wave Alert! Mar 29, 2023 – InvFuture Education on Money Wave Alert! Mar 29, 2023
  • Money Wave Alert! Mar 28, 2023 – InvFuture Education on Money Wave Alert! Mar 28, 2023
  • Viking Thera. (VKTX) up 58% today. – InvFuture Education on Viking Thera. (VKTX) up 58% today.
  • Money Wave Alert! Mar 27, 2023 – InvFuture Education on Money Wave Alert! Mar 27, 2023
  • Green Line Weekly! Mar 26, 2023 – InvFuture Education on Green Line Weekly! Mar 26, 2023

Become a Green Liner!
Become a Green Liner!

Help me make more Money in the Stock Market.

Above the Green Line

ON ATGL

  • Weekly Commentary
  • Intraday Buy / Sells
  • Day Trade Setup

STRATEGIES

  • Swing Trading
  • Dividend Growth
  • ETF Sector Rotation
  • Dogs of the Dow

HELP

  • ATGL Trading Rules
  • FAQ
  • Account Maintenance
  • Contact US

© Copyright 2021 · AboveTheGreenLine.com · All Rights Reserved · Privacy · Terms · Contact · WatchList · Current