IBD Stock Analysis
- AMN is on track to form a three-weeks tight pattern with a 97.01 buy point.
- Shares have also found support at their 21-day moving average.
- The stock’s relative strength line is right around its high.
Industry Group Ranking
Three Weeks Tight
* Not real-time data. All data shown was captured at
1:40PM EDT on
The Covid-19 pandemic has accelerated the impact of labor shortages in the health care field. Meanwhile, America’s population is aging and the average age of health care workers is rising.
AMN Healthcare looks to alleviate the shortage hospitals and nursing home facilities face in the wake of rising demand. It offers both temporary and permanent staffing of physicians and nurses to health care facilities in the U.S.
AMN Healthcare Stock Analysis
Investors can look at AMN’s stock chart in two ways.
Looking at its daily chart, AMN stock has found support at its key 21-day line. It’s pausing for a second time on its current run after breaking out of an 80.90 flat-base buy point in late April.
Switching to its weekly chart, AMN stock is on track to form a three-weeks tight pattern with a 97.01 buy point. This secondary buying opportunity is on top of a four-weeks tight pattern. AMN Healthcare rose 1.1% to 95.75 on the stock market today.
The relative strength line is right around its high. The RS line, the blue line in the weekly chart provided below, tracks a stock’s performance vs. the S&P 500 index.
AMN Stock Fundamentals
AMN stock has a 98 Composite Rating out of 99 and a 90 EPS Rating. The IBD Composite Rating compiles scores on key fundamental and technical metrics: earnings and sales growth, profit margins, return on equity, and relative price performance. Investors should focus on stocks with a Composite Rating of 90 or higher.
The stock has a C+ Accumulation/Distribution Rating, indicating slightly more buying than selling of AMN stock among institutional investors.
AMN Healthcare is ranked second in IBD’s Commercial Services-Staffing group. Cross Country Healthcare (CCRN) is ranked first.
Freelancing platform Upwork (UPWK) is forming a cup base with a 63.98 entry point. Recruiting firm Korn Ferry (KFY) is currently in buy range after breaking out of a flat base with a 69.36 entry. Recent IPO ZipRecruiter (ZIP) is trying to break out from an IPO base with a 24.93 entry.
In May, AMN Healthcare reported first quarter earnings of $1.70 per share, a 117% surge over the same quarter a year earlier. Revenue shot up 47% to $885.9 million.
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