CANSLIM.net Help Lines
954-785-1121 OR 1-888-CAN-SLIM

 


>>> UPGRADE YOUR MEMBERSHIP NOW AND GET IT ALL - CLICK HERE

CANSLIM.net OPEN ARCHIVES

Healthcare Firm in Healthy Shape But Market Needs to Improve
Wednesday, June 04, 2008 / CANSLIM.net
Print  

Almost Family, Inc.

 

Ticker Symbol: AFAM (NASDAQ)

Industry Group: Medical-Outpnt/Hm Care

Shares Outstanding:  7,860,000

Price: $24.16 6/04/08 2:36PM  

Day's Volume: 36,600  6/4/2008  2:36PM

Shares in Float:  5,340,000

52 Week High: $25.03 6/4/2008 Jun 3

50-Day Average Volume: 82,300

Up/Down Volume Ratio: 0.8

Pivot Point: $23.22  5/14/08 high plus .10

Pivot Point +5% = Max Buy Price: $24.38

Web Address: http://www.almost-family.com/

C A N S L I M | StockTalk | News | Chart | SEC | Zacks Reports | Daily Graphs Online  Stock Checkup IBD Graphs

Click Here To Get Access To More Graphs Like This!

View all notes | Alert me of new notes | CANSLIM.net Company Profile

CANSLIM.net Profile: Almost Family, Inc. and its subsidiaries provide home health care services in Florida, Kentucky, Ohio, Connecticut, Massachusetts, Alabama, Indiana, Illinois, and Missouri, the United States. It operates in two segments, Visiting Nurse (VN) and Personal Care (PC). As of December 31, 2007, Almost Family operated 33 Medicare-certified home health agencies with 51 locations and 22 personal care locations. The Louisville, Kentucky based company, formerly known as Caretenders HealthCorp., was founded in 1985 and changed its name to Almost Family, Inc. in 2000. The stock resides in the Medical-Outpnt/Hm Care group which is presently ranked 101st on the 197 Industry Groups list which is outside the much-preferred top quartile of groups, however there are other high-ranked leaders in this group including, Amedisys Inc. (AMED), and US Physical Therapy (USPH), which help to satisfy the L criteria. The number of top-rated funds with an ownership interest has grown from 9 funds in Sept '07 to 11 funds as of March '08, a sign of limited but increasing institutional interest (the I criteria).

What to Look For and What to Look Out For: Look for the stock to continue offer investors a chance to accumulate shares below its maximum buy price ($24.38) on light volume pullbacks. Keep in mind that much of a stock's success depends on the broader market's ability to sustain a meaningful rally, otherwise 3 out of 4 stocks are likely to struggle in the event that the latest rally-attempt fails. It is very important for the stock's pullback to be contained, whereas a violation of its $23.22 pivot point would have the effect of technically negating its latest breakout, raising concerns. Conversely, if the stock finds support near/above its pivot point then begins advancing again, preferably on higher volume, then odds would favor that higher prices will follow.  Confirming gains on above average volume could provide a reasuring "follow through" that would help reaffirm its recent technical buy signal. The stock is currently trading near its maximum buy price, and caution and patience are needed because the market environment (the M criteria) argues against buying stocks until a confirmed rally from the major averages is produced by a sound follow-through day.

Technical Analysis: The stock broke out of a long multi-month base in late May on heavy volume and appeared featured in yellow in the May 29, 2008 CANSLIM.net Mid-Day BreakOuts Report (read here). Its pivot point cited in the report was based upon its 5/14/08 high plus ten cents.  There remains a small amount of resistance, technically, but mostly psychologically, based upon its 2007 (best viewed on a weekly chart) highs in the $26 area which it appears on course to challenge. 

About Kenneth J. Gruneisen, Founder and Contributing Writer, www.CANSLIM.net :
Kenneth J. Gruneisen has successfully completed the CAN SLIM® Certification Program.  Mr. Gruneisen became a Registered Representative in 1987 and his career includes experience offering personalized assistance to investors with more than a decade of experience as a Registered Principal managing a branch office.

The recommendations made by CAN SLIM® certified individuals are their own and may not be attributed to the CAN SLIM® Certification Program, William O'Neil & Co., Investor's Business Daily or their affiliates. The CAN SLIM® Certification indicates only that the individual has successfully completed the CAN SLIM® Certification Program. CAN SLIM®, William O'Neil & Co., Investor's Business Daily and any of their affiliates are in no way responsible for any loss or damage caused as a result of the services provided by these individuals.


Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities.
 

Click Here to TELL-a-FRIEND about CANSLIM.net - if you know someone who might appreciate this report or find the features on our website useful.  As CANSLIM.net's subscriber base grows, we are able to offer more great resources to help you become a more successful investor.   We appreciate any feedback members may wish to send via the inquiry form here.
THESE ARE NOT BUY RECOMMENDATIONS!  Comments contained in the body of this report are technical opinions only. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. CANSLIM.net is not an investment advisor, hence it does not endorse or recommend any securities or other investments. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities. All trademarks, service marks and trade names appearing in this report are the property of their respective owners, and are likewise used for identification purposes only.

This report is a service available only to active CANSLIM.net StockNews Members. You may opt-out of receiving report notifications at any time.  Questions or comments may be submitted by writing to CANSLIM.net 665 S.E. 10 Street, Suite 201 - Deerfield Beach, FL 33441-5634 or by calling 1-800-965-8307 or 954-785-1121.


 

Related Articles:

 
PrintE-Mail

The recommendations made by CAN SLIM® Certified individuals are their own and may not be attributed to the CAN SLIM® Certification Program, William O'Neil + Co., Investor's Business Daily or their affiliates. The CAN SLIM® Certification indicates only that the individual has successfully completed the CAN SLIM® Certification Program. CAN SLIM®, William O'Neil + Co., Investor's Business Daily and any of their affiliates are in no way responsible for any loss or damage caused as a result of the services provided by these individuals.

Copyright © 1996-2014 Gruneisen Growth Corp. d/b/a www.canslim.net  All rights reserved. Protected by the copyright laws of the United States and Canada and by international treaties.  The names "CANSLIM" and "CAN SLIM®" are service marks and trade names of Investor's Business Daily, Inc., a California corporation, and are used by Gruneisen Growth Corp., a Florida corporation, under license. GGC is solely responsible for the operation of and opinions expressed in this Website. Daily Graphs® and Daily Graphs Online® are registered trademarks of William O'Neil + Co. Incorporated and are used with permission.

Privacy Policy | Terms of Use | Contact Us