Addus Homecare could regain its upward trend after the recent correction.

The fundamentals support the stock with a gradual upward revision of earnings per share by analysts. We also have a good "surpeformance rating" on the company for a trading strategy.

Graphically, the trend is now bearish in the short term but profit taking could be over soon as the long term trend remains bullish. The contact with the USD 23.05 support has created a buyers reaction with high volumes. This configuration could initiate a durable reversal and therefore do not affect the upward trend in the medium and long term.

In this configuration, a rebound seems unavoidable in the USD 23.05 area. Investors could take a buy order on this level and get a good entry point with a stop below the medium term support. First goal will be the USD 26.6.