DEXWireNews

HMSY STALLS DESPITE UPGRADE ABOVE $35.50 BULLISH

Long
NASDAQ:HMSY   None
BULLISH UPGRADE OVERNIGHT TO $41 BUT STOCK FAILED TO RALLY IN CONTINUATION FROM YESTERDAY.
$35.50 IS A AREA OF RESISTANCE, WHICH IF BROKEN SHOULD RESULT IN CONSIDERABLE GAINS.
RSI, MACD AND HISTOGRAM BULLISH


UPGRADE DETAILS
HMS Holdings upgraded to Buy from Neutral at Chardan. Chardan analyst Steven Wardell last night upgraded HMS Holdings to Buy from Neutral and raised his price target for the shares to $41 from $37. The analyst likes the company's new platform launch, research collaboration to improve its potential population management solutions, and continued investments in technological advancements. He raised his estimates sees potential for multiple expansion of HMS Holdings shares.

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