Cross Country Healthcare stock upgraded to Buy Candidate.
(Updated on Dec 03, 2021)
Buy or Hold candidate since 2021-11-01 Gain 20.73% PDF
The Cross Country Healthcare stock price fell by -2.20% on the last day (Friday, 3rd Dec 2021) from $26.38 to $25.80. During the day the stock fluctuated 5.84% from a day low at $25.31 to a day high of $26.79. The price has been going up and down for this period, and there has been a -2.27% loss for the last 2 weeks. Volume has increased on the last day by 30 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 335 thousand shares were bought and sold for approximately $8.65 million.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 31.98% during the next 3 months and, with a 90% probability hold a price between $29.79 and $38.21 at the end of this 3-month period.
Signals & Forecast
A sell signal was issued from a pivot top point on Wednesday, November 24, 2021, and so far it has fallen -8.74%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Cross Country Healthcare stock holds a sell signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $26.69. On a fall, the stock will find some support from the long-term average at approximately $23.80. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
Support, Risk & Stop-loss
Cross Country Healthcare finds support from accumulated volume at $25.14 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.48 between high and low, or 5.84%. For the last week, the stock has had a daily average volatility of 5.97%.
Our recommended stop-loss: $24.53 (-4.92%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)
Is Cross Country Healthcare stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.505
Predicted Opening Price for Cross Country Healthcare of Monday, December 6, 2021
The predicted opening price is based on yesterday's movements between high, low, and the closing price.
|Fair opening price December 6, 2021||Current price|
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On Nov 18, 2021 "Barrington Research" gave "$22.00 - $33.00" rating for CCRN. The price target was set to $26.25+2.1%.
CCRN Insider Trading
|Aug 17, 2021||Sell||10 100||Burns William J.||Common Stock|
|Aug 16, 2021||Sell||17 000||Trunfio Joseph||Common Stock|
|Aug 06, 2021||Sell||6 378||Mcdonald Colin Patrick||Common Stock|
|Aug 06, 2021||Sell||33 162||Trunfio Joseph||Common Stock|
|Jun 14, 2021||Sell||40 000||Trunfio Joseph||Common Stock|
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