The USD 31.6 resistance is in line of sight.

From a fundamental viewpoint, the company is strong. It has a reasonable valuation with an EV/Sales ratio of 1.2x. The Thomson Reuters consensus revised regularly upward EPS estimates of the company for the current year. The great business predictability emphasize the quality of this investment in the mid-term.

Technical patterns are in the green: prices are up for several months. The movement should continue in the coming trading sessions, helped by the pullback on the trendline and the 20-day moving average. This movement offer an interesting entry point with the USD 31.6 as a main target.

Thanks to these good indicators, it seems relevant to open a long position in AMN Healthcare Services at the current price. The target price is the USD 31.6 resistance. A stop loss will be set under the USD 29.2 short term support because a breakdown of this level would damage technical pattern.