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AMN Healthcare Services Looks to Continue to Trade Above its Annual-High Share Price Today

By James Quinn

AMN Healthcare Services (NYSE:AHS) traded at a new 52-week high today of $39.40. This new high was reached on below average trading volume as 147,000 shares traded hands, while the average 30-day volume is approximately 710,000 shares.

There is potential upside of 5.8% for shares of AMN Healthcare Services based on a current price of $39.15 and an average consensus analyst price target of $41.40. The stock should discover initial support at its 50-day moving average (MA) of $33.36 and subsequent support at its 200-day MA of $31.02.

AMN Healthcare Services share prices have moved between a 52-week high of $39.40 and a 52-week low of $21.24 and are now trading 84% above that low price at $39.15 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.7%.

AMN Healthcare Services, Inc., a temporary healthcare staffing company, provides travel nurse staffing services. The Company places nurses and allied health professionals on temporary assignments at hospitals and healthcare facilities throughout the United States.

SmarTrend recommended that subscribers consider buying shares of AMN Healthcare Services on February 19th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.76. Since that recommendation, shares of AMN Healthcare Services have risen 38.7%. We continue to monitor AHS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows amn healthcare services

Ticker(s): AHS