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Nearest Resistance: $7.50
Nearest Support: $6.60
Catalyst: Supreme Court Healthcare Ruling
Health Management Associates(HMA) is another name that's getting upward momentum from the Supreme Court ruling on Obamacare. Shares of the firm are up more than 7% in today's session, driving the stock to a new six-month high.
Making new highs is significant from an investor psychology standpoint because it means that everyone who has bought shares in the last year is sitting on gains. As a result, the "back to even" mentality is less of a concern than it would be for a name with a higher proportion of shareholders sitting on losses.
For late-to-the-game buyers though, I'd recommend waiting until HMA pushes above today's high water mark before diving in.
To see these stocks in action, check out the at
Most-Active Stocks portfolio on Stockpickr.
-- Written by Jonas Elmerraji in Baltimore.