Sunday, October 21, 2007

AHS Analysis for 10.21.2007

AMN HELTHCARE SERVICES INC. - AHS

Monthly chart shows three wave corrective pattern in place, which retraced the large move down from $37.67 to $9.00 level. Price currently below all key moving averages.

Weekly chart shows downtrend in place, with price below all key moving averages.

Daily chart shows bulls were unable to close the gap above. There is a three wave consolidation/corrective pattern in place. More selling occurred on Friday, with pricing closing on its lows for the trading session. Look for continued weakness and lower still.

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