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Downgrade Alert for HMS Holdings (HMSY)

By Shiri Gupta

HMS Holdings (NASDAQ:HMSY) was downgraded from Buy to Hold at Jefferies today. The stock closed yesterday at $22.01 on volume of 1.1 million shares, above average daily volume of 637,000.

HMS Holdings (NASDAQ:HMSY) is currently priced 25.4% above its average consensus analyst price target of $16.43. The stock should discover initial support at its 50-day moving average (MA) of $14.15 and subsequent support at its 200-day MA of $11.73.

HMS Holdings Corporation provides proprietary information management and data processing products and services. The Company furnishes these products to hospitals and health care providers, government health service agencies, payers or purchasers of health care, and companies serving the health care industry.

Over the past year, HMS Holdings has traded in a range of $8.11 to $24.00 and closed yesterday at $22.01, 171% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.6% while the 200-day MA has risen 0.4%.

SmarTrend recommended that subscribers consider buying shares of HMS Holdings on February 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.81. Since that recommendation, shares of HMS Holdings have risen 80.9%. We continue to monitor HMSY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades hms holdings

Ticker(s): HMSY