Today's Strong And Under The Radar Stock Is Magellan Health (MGLN)

Trade-Ideas LLC identified Magellan Health ( MGLN) as a strong and under the radar candidate. In addition to specific proprietary factors, Trade-Ideas identified Magellan Health as such a stock due to the following factors:

  • MGLN has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $12.3 million.
  • MGLN has traded 9.1194000000000006167510946397669613361358642578125 options contracts today.
  • MGLN is making at least a new 3-day high.
  • MGLN has a PE ratio of 72.
  • MGLN is mentioned 0.84 times per day on StockTwits.
  • MGLN has not yet been mentioned on StockTwits today.
  • MGLN is currently in the upper 20% of its 1-year range.
  • MGLN is in the upper 35% of its 20-day range.
  • MGLN is in the upper 45% of its 5-day range.
  • MGLN is currently trading above yesterday's high.

'Strong and Under the Radar' stocks tend to be worthwhile stocks to watch for a variety of factors including historical back testing and price action. Market technicians refer to such stocks as being in an accumulation phase before a mark-up and peak. Traders and hedge funds have frequently found that these types of stocks continue to build a solid price base and then ultimately spike higher and peak when others 'discover' how good the stock is performing. By leveraging the social discovery aspect of StockTwits we are highlighting stocks that don't currently receive much attention from retail investors, but we suspect may soon garner more attention.

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