Score 9 (out of 10): HCA HEALTHCARE INC poised to seasonally rally by +12.3% during the next 90 days.

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What’s Going On Here?

President Biden’ $1.75 trillion social-spending package could benefit publicly traded hospitals like HCA Healthcare which have their facilities located in southern states that have not expanded Medicaid under the Affordable Care Act.

Why Now?

HCA HEALTHCARE INC indicates an interesting 90 days seasonal set up. During similar occasions, HCA HEALTHCARE INC shares had a median return of +12.3% – based on 10 historical occasions with 9 of those showing positive returns (90%). This buy signal for HCA HEALTHCARE INC received a high score of 9 (out of 10). This insight was generated with last price of 245.27.

What’s This Company About?

HCA HEALTHCARE INC is in the Medical-Hospitals business. Based on the last 2 years’ risk/return profile, this asset is seen as Moderate Risk. ‘Wall Street’ analysts think the stock price will be worth 13.8% more (average). Ticker symbol: HCA US.

What’s My Risk / Reward and Time Horizon?

We found 90 days to be the optimal trade horizon, after testing a number of possible alternatives (accuracy of previous returns). Otherwise consider closing out this trade once the target level of 275.5 (+12.3%) has been reached. Based on the stock’s recent up and down swings, LongShortBets suggests considering to set a stop loss level for this insight at 230.97 (last price at 245.27), which is equivalent to a -5.8% decline.

Returns during similar periods:

The chart above shows the previous returns (in %) based on similar setups with the most recent ‘insight’ shown under (1), the second most recent ‘insight’ shown under (2), etc. 

Previous episodes:

17.3% (November-2021), 10.4% (November-2020), -0.1% (November-2019), 22.8% (November-2018), 14.3% (November-2017), 0.3% (November-2016), 5.5% (November-2015), 6.7% (November-2014), 16.3% (November-2013), 15.3% (November-2012)

Summary:

NameHCA HEALTHCARE INC
ViewUp
Star (1 to 10)9
Target+12.3%
Time90 days
Hit Rate90%

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