Bullish Moving Average Cross by HealthSouth (HLS)
HealthSouth (NYSE:HLS) crossed over its 10-day moving average of $40.37 on a volume of 166K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.
HealthSouth share prices have moved between a 52-week high of $48.37 and a 52-week low of $30.26 and are now trading 34% above that low price at $40.53 per share. The 200-day and 50-day moving averages have moved 0.24% lower and 1.77% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of HealthSouth on February 25th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $35.28. Since that recommendation, shares of HealthSouth have risen 13.3%. We continue to monitor HLS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
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