Wednesday, 13 July 2016

Evolent Health Inc (NYSE:EVH) - 13 July 2016


Evolent Health Inc closed 19.65% higher today due to the acquisition of Chicago competitor for about US$145 million. http://www.bizjournals.com/washington/news/2016/07/13/evolent-health-to-acquire-chicago-competitor-for.html

My first initial coverage on this stock was on 01 June 2016 when it was at $15.75. This is a whopping 41.9% profit if the position was closed at $22.35.

Technically this stock builds a base before the next move up and consistently on the up-trend.

As the saying goes, the trend is your friend.

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