BUY | BrightSpring Health Services (BTSG) Current Price: $24.11
Change: +0.58 (+2.47%)
Volume: 1,529,511
52-Week Range: $17.50 – $24.50
Technical Overview:
Chart Pattern: Forming a bullish cup-with-handle pattern, indicating potential for a breakout.
Moving Averages:
50-Day MA: $22.80
200-Day MA: $21.50
Relative Strength Index (RSI): 65 – approaching overbought territory, but still within a bullish range.
Execution Plan:
Entry: $24.20
Stop Loss: $22.80
Take Profit: $26.50
Risk-Reward Ratio: 1:2
Rationale:
BrightSpring has surged approximately 38% in 2025, significantly outperforming the S&P 500. Analysts project a 269% increase in earnings per share this year, followed by 20% growth next year. The company recently sold its community living business to focus more on its pharmacy division and reduce debt.
