BloggingStocks http://www.bloggingstocks.com BloggingStocks http://www.blogsmithmedia.com/http://www.bloggingstocks.com/media/feedlogo.gif BloggingStocks http://www.bloggingstocks.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/<![CDATA[Air Methods (AIRM): Emergency services by air]]>http://www.bloggingstocks.com/2009/06/24/air-methods-airm-emergency-services-by-air/http://www.bloggingstocks.com/2009/06/24/air-methods-airm-emergency-services-by-air/http://www.bloggingstocks.com/2009/06/24/air-methods-airm-emergency-services-by-air/#commentsFiled under: ,

Air Methods (NASDAQ: AIRM), which provides aeromedical emergency services and systems throughout the U.S., is a recent buy from technician Leo Fasciocco.

In his The Ticker Tape Digest, which focuses exclusively on stocks breaking out of basing patterns, he suggests, "AIRM is a turnaround stock that is acting strong now; with strong profits coming this year, we see good prospects for a breakout to the upside."

"AIRM, with annual revenues of $500 million, operates a fleet of aircraft, consisting of helicopters and airplanes. It serves hospitals in 26 states under contracts ranging from one to 10 years.

Continue reading Air Methods (AIRM): Emergency services by air

Air Methods (AIRM): Emergency services by air originally appeared on BloggingStocks on Wed, 24 Jun 2009 12:00:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Air MethodsAIRMLeo FascioccoWed, 24 Jun 2009 12:00:00 EST<![CDATA[Air Methods breaks out; time to buy?]]>http://www.bloggingstocks.com/2007/08/01/air-methods-breaks-out-time-to-buy/http://www.bloggingstocks.com/2007/08/01/air-methods-breaks-out-time-to-buy/http://www.bloggingstocks.com/2007/08/01/air-methods-breaks-out-time-to-buy/#commentsFiled under: ,

Air Methods (NASDAQ: AIRM), an air medical transportation company, has just broken out of a trading range. For those who don't understand technical analysis, this basically means that the stock has been forming a "range" that it's been trading it and, recently, the price of the stock has broken out of this range. Technicians view this as a bullish sign for the stock price because the upside is no longer limited by a resistance line -- that's why many technicians look at the 52 week high list for buying ideas.

As you can see from the chart to the right, the stock has been stuck in a trading range over the last several weeks. Just today the stock broke out with a stroke move of nearly 11%. The one issue with this breakout was the fact that it wasn't done on tremendous volume. However, I attribute this to the fact that it was a slow summer trading day and many traders are hesitant to enter full positions in the current market environment.

While breakouts a very good indication of future price action, I tend to believe that it makes sense to only enter a 1/2 or 1/3 position at the time of the breakout because oftentimes, in my experience, stocks tend to pullback to the base of the breakout before taking off again.

Air Methods is a very interesting stock here on the heels of breaking out today, but I still wouldn't be starting a full position here because I believe traders will have a better buying opportunity in the next few trading sessions. However, I would still start a position in case the stock takes off without looking back.

Air Methods breaks out; time to buy? originally appeared on BloggingStocks on Wed, 01 Aug 2007 17:50:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>Air MethodsAIRMAirMethodsWed, 01 Aug 2007 17:50:00 EST