The stock of the Pennant Group breaks out over the multi-month resistance on increased volume!
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The Pennant Group is a healthcare provider specializing in the care of the elderly. It operates services for home care as well as residential and hospice facilities. The model is oriented towards value-based care. In the Q3 numbers released in November, management raised its outlook for the full year. Through the acquisition of several buildings "in sought-after markets" from Amedisys in October, the Pennant Group now has the opportunity to continue growing and expand its business. Recently, Wells Fargo raised the price target from $31 to $38 and...
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