Amerigroup Corporation is an American company specialized in health care management. The company operates in 12 states for 2.2 million members as Medicaid benefiters. During the last quarter, the company started offering Medicaid coverage in Louisiana for 44 000 people. Enrollment climbed about 10% compared to last year first quarter.

Earning releases for first quarter 2012 announced on May 2nd, outperfomed consensus expectations with a net result at 33.14 million dollars against 29.1 million dollars expected. Earnings per share are 15% up to Thomson-Reuters consensus at USD 0.64. Objectives for 2012 are maintained with a growing objective at 40% for its annual revenues including their new businesses.

Technically the stock trading in a range between USD 63.95 and USD 71.55. The decline recorded in May offers an interesting point of entry below USD 63.95 for a target fixed on the annual highs around USD 71.5.

Investors could take a long position on the stock with a first objective at USD 66.9 and at USD 71.5 by extension. A stop loss will be engaged at USD 60.2, below the short-term support.