Impressive stock action by Maximus. A promising long trade setup:
1- Noticeable strong relative strength to the broader market
2- Consolidating gains right above ATHs set back in September 2019
3- A resumption of the upwards trend will send the stock to new ATHs
The PEAD projected a bearish outlook for $MMS following a negative under reaction with the stock being placed in Drift D
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MMS: MAXIMUS
2018-08-14 06:30:00
MAXIMUS Awarded North Carolina Department of Health and Human Services Contract for Medicaid Managed Care Enrollment Broker Services
$MMS ER miss of $0.02 w/ Revenue miss of -1.5% has dipped pretty nicely. I've purchased 3x 6/15 - $65.00 calls hoping for a rebound.
$MMS is currently below the 255 day Linear Regression Line by more than 1x standard deviation (probably more like >2x stddev).
Price target to sell of $62.70 or so for me. I don't want to ride it down at all on these soon-ish...
