Health Management Associates (HMA) NewsBite - HMA Moving Higher On Broker Upgrade

Posted: Tuesday, November 10, 2009 11:49 AM EDT

Health Management Associates (HMA) was upgraded today by analysts at Argus Research and the stock is now at $6.31, up $0.27 (4.47%) on volume of 2,972,300 shares traded. The stock is moving sharply higher today after Argus Research upgraded the stock to Buy from Hold. Over the last 52 weeks the stock has ranged from a low of $.79 last November to a high of $8.58 last month. Health Management Associates stock has been showing support around $5.88 and resistance in the $6.26 range. Technical indicators for the stock are neutral and S&P gives HMA a neutral 3 STARS (out of 5) hold ranking. We will just watch this one for now. There are no hedged trades we like the look of for HMA. [ABR-Seven Summits Strategic Investments NewsBite]

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