Breakout in health care could send HMS to new highs

In his Ticker Tape Digest, technician Leo Fasciocco looks for "breakout" stocks. His latest feature is HMS Holdings (HMSY), which coordinates benefits for government health care programs.

"With annual revenues of $185 million, HMSY helps ensure that health care claims are paid correctly and by the responsible party," writes Fasciocco. "As a result of the company's services, government health care programs recover over $1 billion annually and avoid billions of dollars more in erroneous payments.