Almost Family Inc (afam) Hits High, Time To Sell?

Discussion in 'Investment Charts' started by longtermbull, Feb 24, 2017.

  1. longtermbull

    longtermbull Administrator Staff Member

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    While generally a new 52 week high means momentum behind a stock, is this the case with Almost Family Inc (AFAM)?

    The company recently issued new shares to pay off debt:-

    http://www.nasdaq.com/article/almos...ricing-stock-offering-at-36-discount-cm735804

    Not exactly an exciting use of the funds? Any predator would surely have made a move before the debts were paid off and the company was in a weaker position?

    Price: $49.50
     
    Last edited: Feb 27, 2017
  2. gowiththeflow

    gowiththeflow Senior Investor

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    Stock chart:-

    Still up from the first time it was spotted but taken a hit lately.

    [​IMG]
     
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