Technical Analysis:
UHS shows a bullish trend in recent trading sessions, with the stock closing at $163.63 on Friday. The price has formed higher lows and higher highs, indicating positive momentum.
News Impact:
UHS is scheduled to report Q4 2024 earnings on February 26. Market expectations are for earnings of $4.18 per share, representing a 33.6% year-over-year increase, with revenues projected at $3.99 billion, up 7.9% from the previous year.
Price Prediction for Next Week (Feb 25-Mar 1):
Based on technical indicators and upcoming earnings catalyst:
- Support levels: $162.10, $160.03
- Resistance levels: $165.66, $168.00
- Target price range: $165-170
Trading Recommendation: BUY
- Entry point: Current market price ($163.63)
- Short-term target: $168.00 (post-earnings)
- Stop loss: $160.00
Rationale:
- Strong upward momentum in price action
- Positive earnings expectations
- Healthcare sector showing resilience as new market leader
- Volume increase on up days suggests institutional buying interest
The stock is likely to see increased volatility around earnings announcement, but positive sector sentiment and strong earnings expectations support an upward bias.
Technical Analysis:
UHS shows a bullish trend in recent trading sessions, with the stock closing at $163.63 on Friday. The price has formed higher lows and higher highs, indicating positive momentum.
News Impact:
UHS is scheduled to report Q4 2024 earnings on February 26. Market expectations are for earnings of $4.18 per share, representing a 33.6% year-over-year increase, with revenues projected at $3.99 billion, up 7.9% from the previous year.
Price Prediction for Next Week (Feb 25-Mar 1):
Based on technical indicators and upcoming earnings catalyst:
- Support levels: $162.10, $160.03
- Resistance levels: $165.66, $168.00
- Target price range: $165-170
Trading Recommendation: BUY
- Entry point: Current market price ($163.63)
- Short-term target: $168.00 (post-earnings)
- Stop loss: $160.00
Rationale:
- Strong upward momentum in price action
- Positive earnings expectations
- Healthcare sector showing resilience as new market leader
- Volume increase on up days suggests institutional buying interest
The stock is likely to see increased volatility around earnings announcement, but positive sector sentiment and strong earnings expectations support an upward bias.