Breaking Agreement News Could Turn (HCTI) Into A Breakout Target Today (Making Moves Early)

HCTI is off to a hot start this AM. Breaking Agreement News Could Turn (HCTI) Into A Breakout Target Today (Making Moves Early) March 29th Dear Reader, HCTI is off to a hot start this AM. Part of the reason for HCTI's early morning surge could be the big breaking news the company dropped today. Check it out: Healthcare Triangle Announces $3Mn Cloud DevOps Managed Services Agreement Company’s HITRUST-certified Cloud DevOps Managed Services enable new customer to quickly adopt and deploy cloud solutions in a secure, compliant, and scalable manner PLEASANTON, Calif., March 29, 2023 (GLOBE NEWSWIRE) -- Healthcare Triangle, Inc. (Nasdaq: HCTI) ("HCTI" or the "Company"), a leading provider of cloud and digital transformation, managed services, and data analytics solutions for the healthcare and life sciences industry, today announced a new $3Mn agreement to provide Cloud DevOps Managed Services for a leading life sciences customer, reinforcing the Company’s position as a top player in the Cloud DevOps Managed Services business. ... "We are very pleased to announce another large win in managed services for the life sciences segment," said Roy Sookhoo, COO of Healthcare Triangle. "Our superior industry knowledge, unique value proposition of combining deep domain expertise – including cloud technology, data analytics capabilities, and managed services – with world-class delivery capabilities is resonating with customers who are looking for transformational solutions. Healthcare Triangle’s solution not only addresses the customer's current needs, but also provided a roadmap for their future growth." [Read the full article here.]( On top of that huge news, HCTI's early blast has [pushed it above]( its 200-Day Simple Moving Average (SMA). If potential resistance breaks down at that level, it would place HCTI firmly above 3 of the most important lines of potential support (including its 50-Day SMA and 13-Day Exponential Moving Average). Take a moment to review today's news, yesterday's news, and my full report below before getting HCTI to the top of your watch-list. ----- *Healthcare Triangle, Inc. (HCTI)* Healthcare Triangle, Inc. based in Pleasanton, California, reinforces healthcare progress through breakthrough technology and extensive industry knowledge and expertise. THEY support healthcare providers including hospitals and health systems, payers, and pharma/life sciences organizations in their effort to improve health outcomes. And based on these 5 potential catalysts, HCTI needs to be on your radar immediately… No. 1 - A Low Float Could Provide The Perfect Environment For Explosive Volatility No. 2 - Could A Potential Squeeze Happen This Week? No. 3 - A Multitude Of Triggered Technical Indicators Suggests Something Could Be Cooking No. 4 - Recent Revenue Growth Could Signal Awesome Upward Trajectory For HCTI No. 5 - HCTI Exploring Metaverse To Provide "Boost" Ahead Of Contemporaries But more on those in a second... HCTI Was Founded To Address Critical Needs In Healthcare IT HCTI's Technology Portfolio - Innovative Healthcare Transforming Solutions Proprietary CloudEz Platform - Enterprise multi-cloud management platform enabling customers to manage their cloud infrastructure across private, hybrid and public clouds - Industry-first automated infrastructure compliance platform to facilitate continuous compliance with regulatory requirements such as GxP, HIPAA and HITRUST Proprietary DataEz Platform - Cloud-native data science platform to enable personal healthcare data management and analytics - Unique capabilities to ingest, validate, store, securely analyze, and transform data from disparate sources; gain operational, financial, and clinical insights - Open API platform to integrate with leading visualization and reporting solutions Proprietary Readabl.AI Platform - AI software to recognize and extract healthcare information from documents, faxes and narrative reports on public cloud - Ingest and process documents using OCR and Computer Vision APIs Healthcare IT Services Utilized by 100+ hospitals across the US - Experts in EPIC and MEDITECH EHR (electronic health records) implementation and optimization - Provider of managed services to improve clinical outcomes: Interoperability assessments & services, Data assessments & tools, and Clinical & training consulting - EHR Back-up and Disaster Recovery (DR) on the Cloud - Revenue Cycle Assessments Cloud Transformation Services Multi-cloud Advisory > DevOps > SOC - Multi-cloud Advisory – To create secure, scalable, innovative, and robust enterprise IT cloud strategy - DevOps as a Service – To migrate and manage IT infrastructure and applications in a continuous fashion on the cloud - SOC (Security Operations Centers) – Operate and continuously monitor cloud environment through our automated BOTs/CloudEz platform to ensure security and regulatory compliance [Find Sources And More Here.]( ----- As mentioned above, HCTI has several potential catalysts to lock eyes on this second. Check them out: No. 1 HCTI Potential Catalyst - A Low Float Could Provide The Perfect Environment For Explosive Volatility According to the [Yahoo Finance]( website, HCTI has a low float. The website reports this profile to have approximately 14.24Mn shares in its float. Why is that important? It's important on one crucial level. Volatility. With so few shares available, the potential for volatility rises (when considering the size of a profile's float). Could more 2023 positive company news help provide a near term spark? ----- No. 2 HCTI Potential Catalyst - Could A Potential Squeeze Happen This Week? Take a look at HCTI's 3-month chart below: At close on Tuesday, HCTI was trading above 2 key lines of potential support in its 50-Day Simple Moving Average (SMA) and its 13-Day Exponential Moving Average (EMA). But do you see what has transpired over the past week? During 2 separate sessions, HCTI was able to push through its 200-Day SMA. That said, it was not able to break down potential resistance at that level. If a 3rd attempt happens near term, and potential resistance breaks down, a possible squeeze could be on the horizon. And if that happens, watch out... ----- No. 3 HCTI Potential Catalyst - A Multitude Of Triggered Technical Indicators Suggests Something Could Be Cooking I'm telling you right now... Don't discount HCTI's technical indicators. At close Tuesday, HCTI was displaying several triggered technical indicators across the short, medium term, and long term. In fact, [Barchart]( was reporting these technical indicators as triggered: Short Term Indicators - 20 Day Moving Average - 20 - 50 Day MACD Oscillator - 20 - 100 Day MACD Oscillator Medium Term Indicators - 50 Day Moving Average - 50 - 100 Day MACD Oscillator Long Term Indicators - 100 Day Moving Average - 150 Day Moving Average The website also shares its all-important "Trend Seeker" composite indicator is triggered, too. Could this be a signal that HTCI could be gearing up for a special move ahead? ----- No. 4 HCTI Potential Catalyst - Recent Revenue Growth Could Signal Awesome Upward Trajectory For HCTI Healthcare Triangle, Inc (HCTI) Reports Results for the Third Quarter of 2022 PLEASANTON, Calif., Nov. 10, 2022 (GLOBE NEWSWIRE) -- Healthcare Triangle, Inc (HCTI), a leading provider of cloud and digital transformation, managed services and data analytics platform for healthcare and life sciences industry reported results for the quarter ended September 30, 2022. All comparisons are to the same year ago period unless otherwise noted. Q3 2022 Fi-nan-cial Highlights - Revenue increased 48% to $11.9Mn YoY - Gross margin at 29% - R&D costs at $1.5Mn - Cash $4.1Mn ... Management Commentary We remain excited by the opportunities we see in front of us. “Focusing on advanced cloud and AI driven data analytics for healthcare and life sciences industry; we expect our platforms and neutral zone offering to propel our revenues while significantly enhancing customer experience,” said Suresh Venkatachari, Chairman and CEO. Thyagarajan Ramachandran, CFO of Healthcare Triangle, commented “We are benefiting from the momentum in healthcare business and reaffirming our commitment to consistently improve our EBITDA; and expect to be positive cash flow in fiscal year 2023.” ... [Read the full article here.]( ----- No. 5 HCTI Potential Catalyst - HCTI Exploring Metaverse To Provide "Boost" Ahead Of Contemporaries Healthcare Triangle Enables Virtual Immersive Experiences and Interactions through Metaverse Enabling healthcare and life sciences enterprises to implement virtual and augmented environment for patients and clinical trials PLEASANTON, Calif., Oct. 26, 2022 (GLOBE NEWSWIRE) -- Healthcare Triangle Inc., (Nasdaq: HCTI) (“HCTI” or the “Company”) announces its offering and services towards enabling healthcare and life sciences enterprises to facilitate and explore the Metaverse, which will assist healthcare enterprises to introduce virtual and augmented environments for their patients, clinical trials, training healthcare professionals, and more. ... Speaking about the initiative, Suresh Venkatachari, CEO of Healthcare Triangle said, “This will be the technology of the future, our lives and business innovation are already interwoven in-between physical and virtual worlds. Metaverse will create a greater bond in deepening the overlap. Healthcare Triangle, with its advanced cloud, data engineering AI, and block-chain solutions for the healthcare and life science industry, is well positioned to support its clients to quickly undertake the Metaverse proof of concepts and put them into practice. This will surely boost us to be well ahead of other contemporary businesses, while significantly enhancing the customer experience.” Cloud, data engineering, AI & block-chain are vital building blocks for the Metaverse. The company will incorporate its platforms - CloudEz, DataEz, and Neutral Zone - as foundations to implement the Metaverse by healthcare and life sciences organizations. It will also invest in inculcating, expanding competencies, and strategic partnerships for developing capabilities in AR/VR/3D designing, etc. ... [Read the full article here.]( ----- HCTI Recap - 5 Must-See Potential Breakout Catalysts No. 1 - A Low Float Could Provide The Perfect Environment For Explosive Volatility No. 2 - Could A Potential Squeeze Happen This Week? No. 3 - A Multitude Of Triggered Technical Indicators Suggests Something Could Be Cooking No. 4 - Recent Revenue Growth Could Signal Awesome Upward Trajectory For HCTI No. 5 - HCTI Exploring Metaverse To Provide "Boost" Ahead Of Contemporaries ----- Coverage is officially initiated on HCTI. When time permits, do this: Get HCTI on your radar now. Sincerely, FierceAnalyst | Jaks Swift Editorial Writer (Always Remember The St-ock Prices Could Be Significantly Lower Now From The Dates I Provided.) FierceInvestor (FierceInvestor . com) is owned by SWN Media LLC, a limited liability company. 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