Summary

• 100% technical buy signals.
• 17 new highs and up 35.96% in the last month.
• 87.70% gain in the last year.

The Barchart Chart of the Day belongs to the healthcare services company Providence Services Corporation (Nasdaq: PRSC).   I found the stock by using Barchart's powerful screening tools to find the stocks with the highest Weighted Alpha and technical buy signals. After I sorted for the most frequent number of new highs in the last month, I used the Flipchart feature to review the charts for consistent prices appreciation. Since the Trend Spotter signaled a buy on 10/1 the stock gained 40.39%.

The Providence Service Corporation provides healthcare services in the United States. It operates through Non-Emergency Medical Transportation Services (NET Services) and Matrix Investment segments. The NET Services segment offers non-emergency medical transportation services for Medicaid or Medicare-eligible members, whose limited mobility or financial resources hinder their ability to access necessary healthcare and social services. The Matrix Investment segment provides in-home care optimization services, including comprehensive health assessments through a network of community-based clinicians and a fleet of mobile health clinics. The company was founded in 1996 and is headquartered in Atlanta, Georgia. 

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Barchart technical indicators:

• 100% technical buy signal
• 146.00+ Weighted Alpha
• 87.70% gain in the last year
• Trend Spotter buy signal
• Above its 20, 50, and 100 day moving averages
• 17 new highs and up 35.96% in the last month
• Relative Strength Index 82.18%
• Technical support level at 125.64%
• Recently traded at 129.98 with a 50 day moving average of 100.82

Fundamental factors:

• Market Cap $1.87 billion
• P/E 28.59
• Revenue expected to grow 17.40% next year
• Earnings estimated to increase 253.90% this year and continue to compound at an annual rate of 12.00% for the next 5 years
• Wall Street analysts issued 2 strong buy recommendation on the stock
• The individual investors following the stock on Motley Fool voted 69 to 17 that the stock will beat the market
• 968 investors are monitoring the stock on Seeking Alpha