HMS Holdings (HMSY) Showing Signs Of A Dead Cat Bounce Today

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Trade-Ideas LLC identified HMS Holdings ( HMSY) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified HMS Holdings as such a stock due to the following factors:

  • HMSY has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $31.4 million.
  • HMSY has traded 243,161 shares today.
  • HMSY is up 3% today.
  • HMSY was down 10.2% yesterday.

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More details on HMSY:

HMS Holdings Corp. provides cost containment services to government and private healthcare payers and sponsors. The company's services include co-ordination of benefits and program integrity services. HMSY has a PE ratio of 61.1. Currently there are 6 analysts that rate HMS Holdings a buy, no analysts rate it a sell, and 1 rates it a hold.

The average volume for HMS Holdings has been 918,300 shares per day over the past 30 days. HMS has a market cap of $2.0 billion and is part of the services sector and diversified services industry. The stock has a beta of 0.52 and a short float of 16.8% with 7.88 days to cover. Shares are down 10.6% year-to-date as of the close of trading on Wednesday.

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