Select Medical Holdings Corporation (SEM) : Traders are bullish on Select Medical Holdings Corporation (SEM) as it has outperformed the S&P 500 by a wide margin of 8.86% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.07%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.52% in the last 1 week, and is up 11.57% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Select Medical Holdings Corporation (NYSE:SEM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.14 and $11.03 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $12.50. The buying momentum continued till the end and the stock did not give up its gains. It closed at $12.25, notching a gain of 13.43% for the day. The total traded volume was 1,323,414 . The stock had closed at $10.80 on the previous day.
The stock has recorded a 20-day Moving Average of 7.77% and the 50-Day Moving Average is 6.13%. Select Medical Holdings Corporation has dropped 2.31% during the last 3-month period . Year-to-Date the stock performance stands at 2.85%.
Select Medical Holdings Corporation (SEM) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $17 and the lowest price target forecast is $10. The average forecast of all the analysts is $13.17 and the expected standard deviation is $3.75.
Select Medical Holdings Corporation is an operator of both specialty hospitals and outpatient rehabilitation clinics in the United States based on number of facilities. The Company operates in two business segments: specialty hospital segment and outpatient rehabilitation segment. The Company specialty hospital segment consists of hospitals designed to serve the needs of long term stay acute care patients and hospitals designed to serve patients who require intensive inpatient medical rehabilitation care. The Company outpatient rehabilitation segment consists of clinics and contract therapy locations that provide physical, occupational and speech rehabilitation services. The Company also provides medical rehabilitation services on a contract basis at nursing homes, hospitals, assisted living and senior care centers, schools and worksites. As of December 31, 2014, the Company had operations in 41 states and the District of Columbia.