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3 Health Care Stocks to Trade (or Not)

Health Management Associates

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Nearest Resistance: $7.50

Nearest Support: $6.60

Catalyst: 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.

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At the time of publication, author had no positions in stocks mentioned.

Jonas Elmerraji is the editor and portfolio manager of the Rhino Stock Report, a free investment advisory that returned 15% in 2008. He is a contributor to numerous financial outlets, including Forbes and Investopedia, and has been featured in Investor's Business Daily, in Consumer's Digest and on MSNBC.com.
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