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AMN Healthcare Services Crosses Below its 10-day MA (AHS)

By David Diaz

AMN Healthcare Services (NYSE:AHS) crossed under its 10-day moving average of $36.97 on a volume of 193K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

AMN Healthcare Services share prices have moved between a 52-week high of $38.96 and a 52-week low of $21.24 and are now trading 72% above that low price at $36.54 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.7% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of AMN Healthcare Services on February 19th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.76. Since that recommendation, shares of AMN Healthcare Services have risen 34.2%. We continue to monitor AHS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses amn healthcare services

Ticker(s): AHS