Long Position on AHS @ $35.10 on 8/14/2015 (Momentum)

AMN Healthcare Services, Inc. (AHS) provides healthcare workforce solutions and staffing services to healthcare facilities in the United States.

It operates through three segments: Nurse and Allied Healthcare Staffing, Locum Tenens Staffing, and Physician Permanent Placement Services.

The Nurse and Allied Healthcare Staffing segment offers a range of clinical workforce solutions, including a managed services workforce solution to manage the contingent needs for a client; a recruitment process outsourcing program that replaces or complements a client’s existing internal recruitment function for permanent staffing needs; a vendor management system delivered through software as a service (SaaS); traditional staffing service solutions of short- and long-term assignment lengths; and clinical labor management services, such as workforce consulting, data analytics, predictive modeling, and SaaS-based scheduling technology.

The Locum Tenens Staffing segment places independent contractors physicians of various specialties, advanced practice clinicians, and dentists on a locum tenens basis with various healthcare organizations, including hospitals, health systems, medical groups, occupational medical clinics, psychiatric facilities, government institutions, and insurance companies.

The Physician Permanent Placement Services segment provides physician permanent placement services under Merritt Hawkins and Kendall & Davis brand names to hospitals, healthcare facilities, and physician practice groups. 

Shares have formed a bullish "flag" following the company's recenet quarterly report. The company posted revenue of $350.1 million in the period, above the $335M expected. EPS came in at 32c per share, above the expected 26c. AMN Healthcare expects full-year revenue in the range of $360 million to $365 million. Higher share prices are expected for this stock.

52-Weeks Trading Range: $13.95 - $36.34

Entry Point: $35.10

Stop Loss: $33.35

Target Price: $38.65

Updates

9/25/2015 3:15:42 PM

Closing AHS at $36.00

Position closed on 9/25/2015 at price of $36.00 with a 2.56% gain in 42 days.

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