Long Position on SCAI @ $41.00 on 2/23/2016 (Momentum)

Surgical Care Affiliates, Inc. (SCAI) owns and operates a network of multi-specialty ambulatory surgery centers (ASCs) and surgical hospitals in the United States.

It’s ASCs and surgical hospitals primarily provide the facilities, equipment, and medical support staff for physicians to perform non-emergency surgical and other procedures in various specialties, including orthopedics, ophthalmology, gastroenterology, pain management, otolaryngology, urology, and gynecology, as well as other general surgery procedures.

As of December 31, 2014, the company had an interest in and/or operated 179 ambulatory surgery centers, 6 surgical hospitals, and 1 sleep center in 34 states. 

Shares have formed a bullish "flag" (shown in blue) following the Company's latest quarterly report. The formation is supported by the stock's 50-day moving average (shown in green). Higher share prices are expected for this stock.

52-Weeks Trading Range: $27.88 - $45.11

Entry Point: $41.00

Stop Loss: $38.90

Target Price: $45.10

Updates

3/29/2016 1:09:53 PM

SCAI closed at $45.74.

Position closed on 3/29/2016 at price of $45.74 with a 11.56% gain in 35 days.

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