Hospital groups angry over proposed Medicaid and Medicare cuts
Hospital groups are objecting strongly to billions of dollars in proposed Medicare and Medicaid payment cuts in President Donald Trump's budget. Two major hospital trade groups did not mince words in blog posts Monday by their leaders.
Chip Kahn, president of the Federation of American Hospitals, is calling proposed Medicare cuts "arbitrary and blunt," adding, "the impact on care for seniors would be devastating." American Hospital Association President Rick Pollack says the budget raises "serious concerns about how hospitals and health systems can ensure they serve as the safety net" for patients. The budget includes a range of hospital cuts over 10 years, including reduced reimbursements for uncompensated care and lower rates for outpatient departments.
IYH's RSI Oscillator climbs out of oversold territory
The RSI Indicator for IYH moved out of oversold territory on December 20, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 26 similar instances when the indicator left oversold territory. In of the 26 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on January 03, 2025. You may want to consider a long position or call options on IYH as a result. In of 90 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for IYH just turned positive on December 31, 2024. Looking at past instances where IYH's MACD turned positive, the stock continued to rise in of 43 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where IYH advanced for three days, in of 323 cases, the price rose further within the following month. The odds of a continued upward trend are .
IYH may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Stochastic Oscillator has been in the overbought zone for 1 day. Expect a price pull-back in the near future.
The 50-day moving average for IYH moved below the 200-day moving average on December 20, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where IYH declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for IYH entered a downward trend on December 31, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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