Group 1 - A decisive breakout above 2,335 will indicate strength for gold, with last week's high of 2,388 being critical for a potential weekly breakout [1] - Gold has been trading below the rising parallel trend channel since June 7, which raises the risk of a deeper retracement [1] - A second upside breakout of the channel could continue if momentum is maintained once triggered [1] Group 2 - A bearish pennant pattern will trigger with a drop below the lower boundary, with 2,296 serving as a clearer signal for a potential breakdown [2] - A drop below the three-week low of 2,287 will confirm the bearish breakdown [2] Group 3 - Gold is on track to complete the week as an inside week unless it rallies above last week's high of 2,342 [3] - The current inside week setup indicates price contraction, typically followed by increased volatility [3] - The direction of the price movement will be determined by a breakout of the pennant pattern, with a breakdown being more likely unless support holds and a bullish breakout occurs [3]

Resistance at 2,342 The recent minor swing high of 2,342 defines the top resistance level for the current seven-day consolidation pattern. Therefore, a breakout above the level would provide more confidence than a move above a boundary line. Further, the 50-Day MA (orange) is currently acting as resistance at 2,344. It should be considered along with the 2,342 high as a breakout above both price levels is needed for a bullish signal. Given where the price of gold is sitting relative to the apex of the symme ...

Pennant utilizes a unique locally-driven operating model and has a strong track record of providing best-in-class home health and hospice care. In addition to operational leadership, Pennant will support HHCAH through its world-class service center, which employs over 300 dedicated individuals. To enhance the collaboration with Hartford HealthCare, Pennant announced plans to establish a service center in Connecticut, creating a base of support for New England operations. The service center will provide fina ...

EAGLE, Idaho, June 18, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, announced today that it has entered into a management and consulting services agreement to provide operational support to Hartford HealthCare at Home (HHCAH), the home health and hospice business of Hartford HealthCare. Hartford HealthCare is the highest ranking in quality, comprehensive non-profit integrated health sy ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momen ...

EAGLE, Idaho, May 16, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, today announced that it has acquired Nurses on Wheels, Inc. ("Nurses on Wheels"), which provides hospice services in Corpus Christi, Texas and the surrounding communities. "We are excited to expand the reach of our hospice operations in south Texas," said Brent Guerisoli, Chief Executive Officer of Pennant. " ...

EAGLE, Idaho, May 16, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice, home care and senior living companies, today announced that it has acquired Nurses on Wheels, Inc. ("Nurses on Wheels"), which provides hospice services in Corpus Christi, Texas and the surrounding communities. "We are excited to expand the reach of our hospice operations in south Texas," said Brent Guerisoli, Chief Executive Officer of Pennant. " ...

Contact Information The Pennant Group, Inc. (208) 506-6100 ir@pennantgroup.com SOURCE: The Pennant Group, Inc. EAGLE, Idaho, May 13, 2024 (GLOBE NEWSWIRE) -- The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the Pennant group of affiliated home health, hospice and senior living companies, announced today that it will participate in the upcoming 2024 RBC Global Healthcare Conference on May 14-15, 2024. Brent Guerisoli, Chief Executive Officer, Lynette Walbom, Chief Financial Officer, and John Goc ...

The Pennant Group, Inc. (208) 506-6100 ir@pennantgroup.com SOURCE: The Pennant Group, Inc. The Pennant Group, Inc. is a holding company of independent operating subsidiaries that provide healthcare services through 112 home health and hospice agencies and 53 senior living communities located throughout Arizona, California, Colorado, Idaho, Montana, Nevada, Oklahoma, Oregon, Texas, Utah, Washington, Wisconsin and Wyoming. Each of these businesses is operated by a separate, independent operating subsidiary th ...

Financial Data and Key Metrics Changes - The company reported total GAAP revenue of $156.9 million, an increase of $30.4 million or 24.1% over the prior year quarter [46] - Adjusted EBITDA increased by $3.3 million or 41.8% to $11.2 million [56] - GAAP diluted earnings per share rose to $0.16, a 166.7% increase, while non-GAAP diluted earnings per share increased by 53.8% to $0.20 [46][56] Business Line Data and Key Metrics Changes - Home Health and Hospice segment revenue increased by 27.9% to $116.5 million, with adjusted EBITDA rising by 35.7% to $17.9 million [41] - Senior Living segment revenue increased by 14.2% to $40.4 million, with adjusted EBITDA improving by 55.6% to $3.5 million [87] - Home Health admissions grew by 34.3%, while Medicare Home Health admissions increased by 28.3% [64] Market Data and Key Metrics Changes - Managed care revenue per visit grew by 11% over the prior year quarter [42] - Same-store occupancy increased by 60 basis points to 79.7%, with revenue per occupied unit rising by 8.1% to $4,643 [66] Company Strategy and Development Direction - The company focuses on leadership development, clinical excellence, employee experience, margin improvement, and growth [33] - The company is exploring real estate acquisitions as a means to create value, applying a disciplined approach to evaluate opportunities [44][96] - The joint venture with John Muir Health aims to enhance Home Health services [4][45] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about cash flow from operations ramping throughout 2024, expecting total cash flow to be between $30 million and $35 million [6] - The company has experienced nine consecutive quarters of strong performance, with earnings exceeding the prior year period [39] - Management noted ongoing wage inflation pressures, with a year-over-year increase of approximately 5% across service lines [20][82] Other Important Information - The company has made significant investments in technology and leadership development, which are expected to enhance operational results [36][57] - The company reported a leverage ratio of 1.84 times net debt to adjusted EBITDA [90] Q&A Session Summary Question: How did Q1 results compare to expectations? - Management noted that Q1 results exceeded forecasts and consensus, maintaining guidance while expressing confidence in continued momentum [99] Question: What are the trends in Senior Living occupancy and rate renewals? - Management anticipates increased occupancy throughout the year and is adjusting rates based on service provision [100][102] Question: How is the company managing wage inflation? - Wage inflation remains a challenge, but management is effectively managing labor costs despite pressures [82][84]