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Molina Healthcare, Inc. (MOH) provides Medicaid-related solutions to meet the health care needs of low-income families and individuals; and to assist state agencies in their administration of the Medicaid program.
The company operates through two segments, Health Plans and Molina Medicaid Solutions.
The Health Plans segment operates health plans in 11 states. As of December 31, 2013, this segment served approximately 1.9 million members who were eligible for Medicaid, Medicare, and other government-sponsored health care programs.
The Molina Medicaid Solutions segment provides design, development, implementation, business process outsourcing, and information technology development and administrative services to Medicaid agencies in Idaho, Louisiana, Maine, New Jersey, and West Virginia; and drug rebate administration services in Florida.
The company offers health care services for its members through contracts with independent physicians and groups; hospitals; and ancillary providers, as well as through its primary care clinics.
Shares have formed a bullish "flag" following its recent quarterly report.The firm reported Q4 EPS of 69c, 9 cents better than the estimates. For the year, the company reported profit of $62.2 million, or $1.29 per share. Revenue was reported as $9.67 billion. Higher share prices are expected for this stock.
52-Week Trading Range: $32.86 - $61.40
Entry Point: $60.40
Stop Loss: $57.20
Target Price: $66.45
We are taking profits on MOH at $64.80 after its 30 days expired.
