Looking For Healthy Upside | Trade Ideas | Real Vision™

TL;DR

MarketGauge's Michele Schneider discusses the trade potential of eHealth, EHTH, citing growth, technical analysis, and upcoming opportunities in the health sector.

Transcript

Welcome to Real Vision's Trade Ideas. Today I'm sitting down with Michele Schneider of MarketGauge. Thanks so much for joining us. Thank you, Justine. It's great to be back. All right, so what's your trade idea today? eHealth. The symbol is EHTH. And why are you looking at eHealth now? Well, if we give a little background here on the company, it's ... Read More

Key Insights

• 🥺 eHealth, founded in 1997, is a leading online health insurance shopping platform with significant growth potential.
• 😨 Recent Medicare division expansion and changes in health care regulations drive eHealth's growth.
• 🎯 Technical analysis suggests a buy opportunity between $28 and $29 with a target price of $37 within three months.
• 🧑‍⚕️ Potential global expansion through CEO attendance at a health conference could further boost eHealth's stock price.
• 😨 Upcoming changes in health care policies and political climate pose potential risks to eHealth's growth trajectory.

Questions & Answers

Q: What led to the founding of eHealth and its growth trajectory?

eHealth was founded in 1997 by Vip Patel to fill the gap in online health insurance shopping, expanding with licensing agreements and a focus on Medicare.

Q: How do recent health care regulations impact eHealth's growth?

Recent changes in health care regulations, including extended short-term insurance plans, bring new opportunities for eHealth to cater to healthier individuals seeking cost-effective insurance solutions.

Q: What are the technical indicators for trading eHealth stock?

Current technical analysis suggests a buy opportunity between $28 and $29, with a stop loss at $25.50, aiming for a target price of $37 in the next three months.

Q: How does eHealth's potential global expansion impact its stock price?

eHealth's CEO attending the Global Health Conference indicates a potential for global expansion, which could significantly boost the stock price beyond its current levels.

Summary & Key Takeaways

• eHealth, founded in 1997, offers online health insurance shopping with 180 licensing agreements.

• The company's growth is fueled by its Medicare division and new health care regulations.

• Current technical analysis suggests a buy opportunity between $28 and $29 with a target price of $37 in the next three months.