LifePoint Hospitals is still in a bullish trend on all time scales and is likely to reach its USD 75.05 resistance.

The company shows strong fundamentals. Firstly, the security is undervalued compared to its peers with an EV/Sales ratio estimated at 1.15 by the Thomson Reuters consensus for this year. Moreover, the consensus revised upward EPS estimates for this year and that let see a great potential for the security on the stock market. Analysts consensus targets USD 80.8 on average.

From a technical viewpoint, the security is trading in a bullish trend in the short/mid and long term. Increasing moving averages let think there will be no reversal in the coming trading sessions. This growth should help to reach soon the USD 75.05 mid term resistance.

Thanks to these good indicators, it seems relevant to take a long position in LifePoint Hospitals security at the current price. The target price is the USD 75.05 resistance. A stop loss will be set under the USD 68.40 short term support because a breakdown of this level would damage technical pattern.