HCA Healthcare, Inc. (HCA)

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Stock Price History

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Our View

HCA Healthcare is an American healthcare facilities operator. The company was founded in 1968 and operates 186 hospitals plus 2000 care centers. The company’s scale gives it cost advantages as it can better negotiate with vendors. It focuses on urban geographies in states that do not have expanded Medicaid. The management has been adept at handling the ever-changing healthcare landscape in the US. HCA Healthcare is, therefore, poised for long-term growth.

A look at the monthly long term chart for HCA shows a steady uptrend since 2012. This upward movement was reversed starting January 2020. The stock fell by a huge 61% over a 3 month period and broke the bottom of the long term trend. The price also went past an important support-resistance level at 92. However, beginning April 2020, the stock resumed its uptrend and went past the 92 level as well as the 118 support level. The likely target now is 149. Stop loss can be placed below the 92 support-resistance level.

Data Explained

On the video and images above you will see the reason this stock was selected.

You will see the image is of a monthly chart of the stock showing the long-term upwards trend formed over the years. You will also see the entry point and the where the stop loss is placed. For more information please watch the video given.

Once it is time to move the original stop loss up you will see an additional image.

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