Quick Win by the Algorithm: Quarter Earnings Results in 29.63% Yield in 3 Days

Quick Win By the Algorithm

On February 17, 2017 the I Know First algorithm predicted a bullish forecast for Community Health Systems, Inc. (CYH). CYH had a signal of 83.87 and a predictability of 0.19. Therefore, in accordance with the Quick Win By the Algorithm, the company reported gain of 29.63% in just 3 days.

Community Health Systems, Inc. (CYH), together with its subsidiaries, owns, leases, and operates general acute care hospitals in the United States. It offers general acute care, emergency room, general and specialty surgery, critical care, internal medicine, obstetrics, diagnostic, psychiatric, and rehabilitation services, as well as skilled nursing and home care services.  Community Health Systems is one of the largest providers of general hospital healthcare services in the United States. CYH operates in Nashville, Tennessee. It owns 160 hospitals in 23 states. Moreover, the Nashville area has seven of the top ten hospital operators in the U.S. It accounts for about 80 percent of the nation’s for-profit hospitals.

Quick Win By the Algorithm

In 2016, CYH expanded a subsidiary company into a new publicly traded company, Quorum Health Corporation. This expansion and growth of the health care industry over the past few years helped contribute to the bullish forecast.

On February 21, CYH reported better than expected fourth quarter earnings.  The company reported an increase in cash-flow and better than expected net operating revenue. With these positive results, CYH shares rose. Thus, resulting in CYH’s stock to increase by 29.63% in 3 days.

This bullish forecast on CYH is available to current I Know First subscribers since February 17, 2017. 

Before making any trading decisions, consult the latest forecast as the algorithm constantly updates predictions daily. While the algorithm can be used for intra-day trading the predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.

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