This Stock Proves Healthcare Is Anything but Boring

• Ensign Group (ENSG) is showing strong technical momentum, setting a new 52-week high on Aug. 20.

• The stock has a Trend Seeker “Buy” signal intact.

• Shares are up more than 26% in the year to date.

• The stock is trading above key moving averages and has a 100% “Buy” opinion from Barchart’s technical indicators.

Valued at $9.6 billion, The Ensign Group (ENSG) provides healthcare services in the post-acute care continuum. It also operates urgent cares and mobile x-ray businesses in the U.S.

I found today’s Chart of the Day by using Barchart’s powerful screening functions to sort for stocks with the highest technical buy signals; superior current momentum in both strength and direction; and a Trend Seeker “buy” signal. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. ENSG checks those boxes. Since the Trend Seeker signaled a buy on Aug. 1, the stock gained 10.06%.

ENSG Price vs. Daily Moving Averages:

Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.

Ensign shares hit a new 52-week high on Aug. 20, touching $167.93 in morning trading.

• Ensign has a Weighted Alpha of +22.54.

• ENSG has an 100% “Buy” opinion from Barchart.

• The stock gained 16.72% over the past year.

• ENSG has its Trend Seeker “Buy” signal intact.

• Ensign is trading above its 20-, 50-, and 100-day moving averages.

• The stock made 17 new highs and gained 22.62% in the last month.

• Relative Strength Index (RSI) is at 73.77%.

• There’s a technical support level around $165.06.

• $9.6 billion market capitalization.

• 30.16 trailing price-earnings ratio.

• 0.15% dividend yield.

• Revenue is projected to grow 17.62% this year and another 10.94% next year.

• Earnings are estimated to increase 16.63% this year and an additional 12% next year.

I don’t buy stocks because everyone else is buying, but I do realize that if major firms and investors are dumping a stock, it’s hard to make money swimming against the tide.