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.

Evolent Health Inc (NYSE:EVH) - 01 June 2016

I just came across this company Evolent Health (NYSE:EVH) listed on the New York Stock Exchange. It was number twelve on Fobes America's Most Promising Companies 2015 list and this company looks interesting. http://www.forbes.com/companies/evolent-health/

The consensus recommendations from the analysts are shown in this link http://www.reuters.com/finance/stocks/analyst?symbol=EVH

More about this company, please click on the link http://www.reuters.com/finance/stocks/overview?symbol=EVH

The technical analysis for Evolent Health Inc shows that it is trading sideways for the past 5 trading sessions. It maybe building a floor for the next up-trend provided that support price at about $14.50 is not broken. Resistance is currently at $15.72 and $16.25.