AMN Healthcare Services Attracts Big Money

And the health care staffing company could soar more due to its ability to plug critical health care holes due to personnel shortages. But another likely reason is Big Money lifting the stock.

Big Money Likes AMN Healthcare Services

So, what’s Big Money? Said simply, that’s when a stock goes up in price alongside chunky volumes. It’s indicative of institutions betting on the shares.

Smart money managers are always looking for the next hot stock. And AMN Healthcare Services has many fundamental qualities that are attractive.

This sets up well for the stock going forward. But how the shares have been trading points to more upside. As I’ll show you, the Big Money has been consistent in the shares.

You see, fund managers are always looking to bet on the next outlier stocks…the best in class. They spend countless hours sizing up companies, reading reports, speaking to analysts…you name it. When they find a company firing on all cylinders, they pounce in a big way.

That’s why I’ve learned how critical it is to gauge Big Money demand for shares. To show you what I mean, have a look at all the Big Money signals AMN has made the last year.

The last few weeks have seen Big Money activity too. Each green bar signals big trading volumes as the stock ramped in price:

Source: www.mapsignals.com

In the last year, the stock attracted four Big Money buy signals. Generally speaking, recent green bars could mean more upside is ahead.

Now, let’s check out the technical action grabbing my attention:

• 1-month outperformance vs. Health Care Select Sector SPDR ETF (+7.6% vs. XLV)

Outperformance is important for leading stocks.

AMN Healthcare Services Fundamental Analysis

Next, it’s a good idea to check under the hood. Meaning, I want to make sure the fundamental story is strong too. As you can see, AMN Healthcare Services has been growing earnings and sales well. Take a look:

• 3-year EPS growth rate (+101.1%)
• 3-year sales growth rate (+26.1%)

Source: FactSet

Marrying great fundamentals with technically superior stocks is a winning recipe over the long-term.

In fact, AMN has been a top-rated stock at my research firm, MAPsignals. That means the stock has buy pressure, strong technicals, and growing fundamentals. We have a ranking process that showcases stocks like this on a weekly basis.

AMN has a lot of qualities that are attracting Big Money. It’s made the Top 20 report four times since 2016, with its first appearance on 04/17/2018…and gaining 69.6% since. The blue bars below show when AMN Healthcare Services was a top pick:

Source: www.mapsignals.com

It’s been a top stock in the health care sector according to the MAPsignals process. I wouldn’t be surprised if AMN makes additional appearances in the years to come. Let’s tie this all together.

AMN Healthcare Services Price Prediction

The AMN Healthcare Services rally could have further to go. Big Money buying in the shares is signaling to take notice. Shares could be positioned for further upside. Given the historical gains in share price and strong fundamentals, this stock could be worth a spot in a diversified portfolio.

Disclosure: the author holds no positions in AMN at the time of publication.

Learn more about the MAPsignals process here.

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