EVH trade ideas
EVH bounces off support.Hello,
What is EVH?
Evolent Health, Inc. engages in the provision of health care delivery and payment services. It deals with population health management, health plan and third party administration, network performance and pharmacy benefit management, risk adjustment, analytics and performance improvement, and technology and electronic medical record integration. It operates through Services and True Health segments. The Services segment includes clinical and administrative solutions such as total cost of care management and specialty care management and comprehensive health plan administrative services. The True Health segment offers a physician-led health plan for employer-sponsored health coverage. The company was founded by Frank J. Williams, Seth B. Blackley, and Thomas Peterson III in August 2011 and is headquartered in Arlington, VA.
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My Thoughts For You
Currently, we can see on this chart that EVH has bottomed and made a climb up, corrected then found support at the golden ratio. The price appears to be slowly moving up towards our target in this ABC correction. Giving the nature of this bearish correction I believe that bottom is behind because when I zoom out, I see the makings of an expanded flat.
The B wave retraced the A wave by 1.38% which is the correct fib level for an expanded flat. This of coarse can't be realized until we break key resistance levels on the way up. So if this pans out, then going long here isn't a bad idea. Keep in mind that having a proper stop is necessary and should be moved up when you see the price making a higher low. Then you could move the stop up to just above your entry price and be risk-free.
Good Luck, Cheers!
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$EVH Some news came out on this one, that CAH was destroyed.Looked good early last week, but massive selling from bad news pushed it into bear land.
$EVH Round bottom here, also broke the wedge with big buying.Looking Bullish here, Plenty of buy volume to push higher.
EVH: A potential Megaphone pattern. Current price is an ATL.Can drop more. A=C means much lower. Wave 4 appears to be a complete count. A stick sandwich candlestick pattern formed today which could signal a reversal.
EVH - Fallen angel type of long from $12.67 to $14.83 & higher
* Trade Criteria *
Date First Found- November 28, 2017
Pattern/Why- Fallen angel
Entry Target Criteria- Break of $12.67
Exit Target Criteria- $14.83
Stop Loss Criteria- $11.83
Please check back for Trade updates. (Note: Trade update is little delayed here.)
Possible Short SqueezePrice has bounced off of a significant resistance level (Blue Line)
I have gone long after seeing bullish divergence (Orange Lines), along with an increase in volume.
$EVH also has a high percentage of its float short at 34.20% , which has me thinking that with the recent bullish move, a large short squeeze may occur.
Price target is $18.00 for a R:R of 4.42
Went long with an entry of $16.32 after seeing a break of $16.30, Stop loss at $15.94
Evolent health (EVH) bearish, Short swing/day tradingEvolent health (EVH) looks to continue strong bearish trend if price fails to surpass 19.22 a share.
Great opportunity to short if you decide to watch this stock when markets open.
Short EVH on breakdown of supportYesterday heavy volume and a break below support in the ~23 area signaled a further bear move in EVH. The doji that formed at the close near heavy support levels signaled the possibility of a reversal however. As markets open today EVH is moving down below support yet again and I look for a continued move toward the 18 area. I will set a stop at 25, but will also monitor price action closely considering yesterdays supportive close. Considering EVH's weak earnings (there hasn't been much of a move toward profitability in the last year) and its book value below $10 a share it seems ripe for a downside move with limited upside potential in the near future. If you follow my 10000 USD base account recommendations I advise a 100 share short position and 22.65
