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R1 RCM Inc. ( $RCM ) – stock is trading under 20 dollars as of July 3rd, 2019 and offering a possible buying price between $12.58 – $13.21. Let’s look at the stocks technical actions using a weekly chart.
2. The stock staged a solid breakout early February.
3. The stock had pretty steady run after that.
4. Then it consolidated in a sideways for few weeks.
5. The stock found support at the 50 day moving average line throughout the run.
6. The stock also witnessed few weeks of rock solid accumulation.
7. The stock is offering a possible buying price between $12.58 – $13.21, with a stop loss price at $11.57.
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