The Pennant Group's stock breaks above the multi-month resistance under increased volume!
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The Pennant Group is a healthcare provider specializing in the care of elderly individuals. It operates services for home health care as well as residential and hospice facilities. The model is geared towards value-oriented care. During the Q3 numbers released in November, management raised the forecast for the entire year. With the acquisition of several buildings "in desirable markets" from Amedisys in October, the Pennant Group now has the opportunity to continue growing and expanding its business. Wells Fargo recently raised its price target...
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