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Amedisys (AMED) Worth Watching: Stock Moves 6.9% Higher

Zacks Equity Research

Amedisys Inc. (AMED) was a big mover last session with its shares rising nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company as the stock is now trading above past one month’s volatile price range of $13.14 to $14.50.

This provider of home health and hospice care services has seen 6 positive estimate revisions over the past 30 days. The Zacks Consensus Estimate has also moved considerably higher over the same period. This implies solid trading potential for the company. So make sure to keep an eye on this stock going forward to see if yesterday’s rally can turn into more strength down the road.

Amedisys currently holds a Zacks Rank #2 (Buy) while its Earnings ESP is positive.

Investors interested in the same industry may also consider stocks like RadNet, Inc. (RDNT), PharMerica Corp. (PMC) and Almost Family Inc. (AFAM). All three stocks bear the same Zacks Rank as Amedisys.

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AMEDISYS INC (AMED): Free Stock Analysis Report

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