Sell: WebMD Health Corp. (WBMD)
From Positive Patterns
Updated from WSBI 777, January 20, 2016
WebMD Health Corp. (WBMD)has an awful chart. As the market moves to new highs, WBMD continues to fail, and any shortfall in earnings could send this tumblin'/stumblin’ to much lower prices. In fact, it looks ready to gap lower—the opposite of the market where we see numerous upside breakouts with many gaps in the chart. This lags badly and we are worried. If you still own it--begging you to sell it.
Bob Howard, Positive Patterns, P.O. Box 310, Turners, MO 65765, 417-887-4486, January 27, 2017