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Watch for Continued Gains in Shares of Health Management Associates (HMA)

Published on Fri, 01/25/2013 - 15:15
By Adrienne Chilton

Shares of Health Management Associates (NYSE:HMA) traded at a new 52-week high today of $10.31. So far today approximately 2.1 million shares have been exchanged, as compared to an average 30-day volume of 5.8 million shares.

Health Management Associates (NYSE:HMA) defies analysts with a current price ($10.28) 5.8% above its average consensus price target of $9.68. The stock should discover initial support at its 50-day moving average (MA) of $8.63 and subsequent support at its 200-day MA of $7.60.

Health Management Associates, Inc. operates general acute care hospitals in rural communities located primarily in the southeastern and southwestern United States. The Company's facilities offer a wide range of medical and surgical services.

In the past 52 weeks, Health Management Associates share prices have been bracketed by a low of $5.92 and a high of $10.31 and are now at $10.28, 74% above that low price. The 200-day and 50-day moving averages have moved 0.57% higher and 1.37% higher over the past week, respectively.

By Adrienne Chilton
achilton@fnno.com