Earnings
In a preliminary basis, eHealth (NASDAQ:EHTH) expects the following results for Q4:
Revenue: $$257.5M - 259.5M versus consensus of $194.9M. Medicare segment: $239.0M - 240.5M.
Net income: $53.0M - 55.0M.
Non-GAAP EBITDA: $98.5M - 100.5M.
Medicare membership up 88%. Medicare Advantage membership up 100%.
Major medical individual and family plan membership...
Here is a great opportunity to pick up EHTH .
At Three Percent Trades we have a price target of $90.00 / share, which is a potential upside of 37.6%.
We use a combination of fundamentals & technical analysis to trade high probability set-ups, and believe this is a great opportunity to take advantage.
$EHTH will likely go to $40.00 or so long term but is currently sitting at a decent support level so it may very well have a decent bounce from here before continuing downzoooo
When the market indices get volatile, I look for stocks that don't correlate strongly to the indices. I want stocks that move independently, and this is a great example. I'm looking at a short term view, but the 5 year graph shows a rounded bottom formation as well.
EHTH is popping up as oversold on scans which should attract the traders who trade the oversold stocks. RSI is 18 way under the oversold 30 mark. The elders foce index is trending up except for the hiccup yesterday. The down day did bounce off the Bollinger band, contributing to the tail of the candle. Also, although you should not buy a stock based on its price...
