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Amedisys Inc- AMED - Rising trendline support
Casey Murphy - April 19, 2007


Amedisys Inc- AMED

April 18, 2007

Last Trade

$32.03

Volume

713,323

52-Week High

$34.99

52-Week Low

$28.61

Commentary:
For today's chart we've chosen to take a look at AMED because recent price action is suggesting that we'll see a retest of a nearby support level. As you can see from the chart below, the rising trendline has been able to prop up the price several times over the past year and it will be interesting to see if this story will continue. We'll keep a bullish outlook on this stock until the bears are able to send the price below the support (currently near $31.50).

 


 



Happy Trading,
Casey Murphy,
Senior Analyst, ChartAdvisor


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