Alliance Imaging (AIQ)
Company
"Alliance Imaging is a leading national provider of shared-service and fixed-site diagnostic imaging services, based upon annual revenue and number of diagnostic imaging systems deployed. Alliance provides imaging services primarily to hospitals and other healthcare providers on a shared and full-time service basis. We also provide services through a growing number of fixed-sites primarily in partnerships with hospitals or health systems. The company had 507 diagnostic imaging systems, including 351 MRI systems and 68 PET or PET/CT systems, and over 1,000 clients in 44 states at Dec. 31, 2005. Of these 507 diagnostic imaging systems, 73 were located in fixed-sites, which includes systems installed in hospitals or other buildings on or near hospital campuses, medical groups' offices, or medical buildings and retail sites." (company website)
Buy
17-May-06. AIQ took a steep slide in the past twelve months, ending in February. Since then, it has reversed and the uptrend has solidified.
- Price momentum (PPO) — picked up sharply in May
- Trend (ADX) — very strong and strengthening
- Money flow (CMF) — steadily becoming less negative, about to turn positive
- Relative strength (RSI) — strengthened sharply in May
- Volume — big volume to break above 50-day moving average after company reported earnings and raised guidance
Sell
Bottom line-4%
22-May-06. The market has been really unsettled lately, and I've watched the value of my portfolio fall. When things turned sour again this morning, I sold everything off and will take a time-out.
AIQ is still safely above the 50-day moving average, but it failed to stay above the 200-day average. I fear more choppy water ahead.
