Summary

• TruBridge is a medical information solutions company identified using Barchart's advanced screening tools for top technical buy signals and momentum.
• The stock has shown consistent price appreciation, gaining 133.71% since the Trend Seeker buy signal on 10/8.
• Key screening criteria included highest Weighted Alpha, superior current momentum, and a Trend Seeker buy signal.
• The Flipchart feature was used to review charts, confirming the stock's strong performance and upward trend.

The Chart of the Day belongs to the medical information solutions company TruBridge (TBRG). I found the stock by using Barchart's powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum and having a Trend Seeker buy signal then used the Flipchart feature to review the charts for consistent price appreciation. Since the Trend Seeker signaled a buy on 10/8 the stock gained 133.71%.

TBRG (Barchart)

TruBridge, Inc. provides healthcare solutions and services for community hospitals, clinics, and other healthcare systems in the United States and internationally. The company operates in three segments: Revenue Cycle Management (RCM), Electronic Health Record (HER), and Patient Engagement. It focuses on providing RCM solutions for care settings, regardless of primary healthcare information solutions provider along with business management, consulting, managed IT services, and analytics and business intelligence. The company provides acute care solutions and related services for community hospitals, and physician clinics; and patient engagement and empowerment technology solutions to improve patient outcomes and engagement strategies with care providers. In addition, it offers patient liability estimates eligibility verification, claim scrubbing and submission, remittance management, denial/audit management, and contract management; and offers RCM services, such as accounts receivable management, private pay service, medical coding, revenue cycle consulting, and other additional insurance and patient billing services. Further, it offers consulting and business management services; managed IT services; encoder solutions; patient management; financial accounting; clinical; patient care; and enterprise applications. Additionally, it offers TruBridge HER platform, including total system support, national client conference, continuing education, software releases, hardware replacement, cloud electronic health record, forms and supplies, and public cloud infrastructure services; post-acute care software systems, and support and maintenance services; and InstantPHR, an interactive portal and CHBase which funnels data from multiple sources into one platform. The company was formerly known as Computer Programs and Systems, Inc. and changed its name to TruBridge, Inc. in March 2024. TruBridge, Inc. was founded in 1979 and is headquartered in Mobile, Alabama. 

Barchart's Opinion Trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 20 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report.

Barchart Technical Indicators:

• 100% technical buy signals
• 275.12+ Weighted Alpha
• 211.01% gain in the last year
• .69 - 60 month Beta
• Trend Seeker buy signal
• Above its 20, 50 and 100 day moving averages
• 15 new highs and up 26.08% in the last month
• Relative Strength Index 78.44%
• Technical support level at $27.83
• Recently traded at $29.30 with 50 day moving average of $23.07

Fundamental Factors:

• Market Cap $431 million
• P/E 123.26
• Revenue expected to grow 5.89% next year
• Earnings estimated to increase 277.94% next year

Analysts and Investor Sentiment -- I don't buy stocks because everyone else is buying but I do realize that if major firms and investors are dumping a stock it's hard to make money swimming against the tide:

• Wall Street analysts issued 2 strong buy,1 buy, and 2 hold opinions on the stock
• Their price targets between $15 and $32 with a consensus of $23
• CFRAs MarketScope rates the stock a hold
• MorningStar thinks the stock is10% over valued
• 2,590 investors monitor the stock on Seeking Alpha

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