Health Management Associates
Nearest Resistance: $7.50
Nearest Support: $6.60Catalyst: Supreme Court Healthcare Ruling Hospital operator 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.
Twitter and become a fan on Facebook.