Air Methods Corp. All Set To Test Higher Levels Of $34

Air Methods Corp. (NASDAQ: AIRM) breached above the 20 day MA, 50 day MA and long term 200 day MA in a single session on Friday to close at $31.46. This confirmed the initial signals that the Air Methods Corp.(AIRM) stock is moving back into a bullish zone on the chart, after a gap of three months.

The reversal into the bullish zone was largely helped by the fact that Air Methods Corp. (AIRM), a provider of emergency medical air transportation swung back into profits in Q4 after some gap. The stock is likely to face its immediate resistance at a higher level of around $34.