AMN Healthcare Services Inc. (NYSE: AMN) is the largest healthcare staffing company in the United States, specializing in recruiting and placing healthcare professionals across various roles within the healthcare industry. Over the past decade, AMN Healthcare has experienced significant stock price fluctuations, reflecting both its strong growth and the inherent volatility of the healthcare staffing market.
A Decade of Growth and Market Volatility
AMN Healthcare Services Inc. has seen its stock price undergo remarkable changes over the past decade. In October 2011, the stock hit a low of $3.60 per share. However, by August 2016, the shares had surged to around $45.00, reflecting the company’s robust growth and the increasing demand for healthcare staffing services across the United States.
Despite this impressive growth, AMN Healthcare’s stock has not been immune to market fluctuations. As of now, the stock is trading slightly above $36 per share, a significant drop from its 2016 highs. For investors who have witnessed the company’s past performance, this decline might seem like an attractive buying opportunity—a chance to “buy the dip” in anticipation of future gains.
The impulse from 48.4, though very strong suggests that we may have hit a temporary bottom, it also is a 5 waves impulse futher suggesting that a subwave 1 (or A) may be in place. We will wait for a correction to the wave 2 position somewhere around the 61.8 fibonacci ratio ~54 region.
