Long Position on PRVA @ $42.00 on 9/16/2022 (Momentum)

Privia Health Group, Inc. (PRVA) operates as a national physician-enablement company in the United States. 

The company collaborates with medical groups, health plans, and health systems to optimize physician practices, enhance patient experiences, and reward doctors for delivering care in-person and virtual settings.

It offers technology and population health tools to enhance independent providers' workflows; management services organization that enable providers to focus on their patients by reducing administrative work; single-TIN medical group that facilitates payer negotiation, clinical integration and alignment of financial incentives; accountable care organization, which engage patients, reduce inappropriate utilization, and enhance coordination and patient quality metrics to drive value-based care; and network for purchasers and payers that enable providers to connect with new patient populations and create custom contracts.  

Shares are headiing higher in an upward "trading channel" and are expected to move higher from their current level.

Entry Point: $42.00

Stop Loss: $39.50

Trading Range: $17.99 to $44.64

Target  Price: $46.50

Position closed on 9/16/2022 at price of $39.50 with a -5.95% loss in 0 days.

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