Famed short-seller analysis group Hindenburg Analysis dropped one other bomb this afternoon. PACS Group (PACS) was the goal at present and boy was the report a doozy. PACS went public again in April within the mid-$20s. Since then, the inventory has practically doubled. From the title of the Hindenburg report I knew we have been in for a journey. “How To Turn into A Billionaire In The Expert Nursing Business By Systematically Scamming Taxpayers” identified the findings of the corporate’s 5-month investigation.
The most important accusation is that PACS abused a COVID-era waiver and inappropriately accessed expert care Medicare advantages for 1000’s of sufferers throughout its nationwide portfolio of services. Hindenburg estimates that the scheme drove greater than 100% of PACS’ working and web revenue from 2020 to 2023. The information dropped the inventory 27% on the day at $31.01 however the inventory dropped as little as $22.30.
Transferring Averages: Bartosiak begins by analyzing the inventory’s shifting averages, such because the 50-day and 200-day shifting averages. He factors out the importance of crossovers and divergences between these averages, which may point out potential development modifications.
Assist and Resistance Ranges: Bartosiak identifies key assist and resistance ranges on the chart. These ranges act as obstacles that the inventory worth should breach or maintain above, offering merchants with vital determination factors.
Chart Patterns: He discusses chart patterns like head and shoulders, cup and deal with, or flags, and their relevance in predicting future worth actions. These patterns can supply helpful insights into potential bullish or bearish traits.
Quantity Evaluation: He emphasizes the significance of quantity evaluation in confirming worth traits. A rise in buying and selling quantity throughout a breakout or breakdown can validate the importance of a worth transfer.
Dave Bartosiak’s technical evaluation strategy provides depth to our understanding PACS Group’s inventory chart. By taking note of shifting averages, assist and resistance ranges, chart patterns, technical indicators, and quantity, he equips buyers with a complete toolkit for making well-informed choices within the inventory market. Keep in mind, whereas technical evaluation is a helpful instrument, it is necessary to contemplate different components like basic evaluation and market sentiment earlier than making funding selections.
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PACS Group, Inc. (PACS) : Free Stock Analysis Report
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