Health Insurance Innovations - Chart Of The Day
The Chart of the Day belongs to Health Insurance Innovations (HIIQ). I found the health insurance stock by using Barchart to sort Today's All Time High list first for the highest Weighted Alpha, then again for technical buy signals of 80% or more. Since the Trend Spotter signaled a buy on 5/4 the stock gained 71.07%.
Health Insurance Innovations, Inc. operates as a developer and administrator of web-based individual health insurance plans and ancillary products. Its product portfolio consists of short-term medical plans, accident, sickness & hospital medical plans, ancillary insurance, life insurance, lifestyle and discount services. Health Insurance Innovations, Inc. is based in Tampa, Florida.
(Click on image to enlarge)
Barchart technical indicators:
- 96% technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 12 new highs and up 33.46% in the last month
- Relative Strength Index 77.39%
- Technical support level at 33.78
- Recently traded at 34.30 with a 50 day moving average of 26.28
Fundamental factors:
- Market Cap $432 million
- P/E 22.73
- Revenue expected to grow 24.90% this year and another 15.4% next year
- Earnings estimated to increase 36.60% his year, an additional 19.60% next year and continue to compound at an annual rate of 1038% for the next 5 years
- Wall Street analysts issued 5 strong buy and 1 hold recommendation on the stock
Disclosure: None.
Nice catch. Is it still a buy in your estimation? Also is their growth and earnings sustainable in the long run?