HCA Healthcare, Inc. is a health care services company. Co. owns, manages or operates hospitals, freestanding surgery centers, freestanding emergency care facilities, urgent care facilities, walk-in clinics, diagnostic and imaging centers, radiation and oncology therapy centers, comprehensive rehabilitation and physical therapy centers, physician practices, home health, hospice, outpatient physical therapy home and community-based services providers, and various other facilities.
When researching a stock like HCA Healthcare, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from HCA Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for HCA stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the HCA 200 day moving average ("HCA 200 DMA"), while one of the most popular "shorter look-backs" is the HCA 50 day moving average ("HCA 50 DMA"). A chart showing both of these popular moving averages is shown on this page for HCA Healthcare. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the HCA 200 DMA and the HCA 50 DMA, we get a moving average convergence divergence indicator ("HCA MACD"). The HCA MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |
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Video: Technical Analysis