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After Yesterday's Decline of 4.34%, Community Health Systems Offers Investors Better Value

By Amy Schwartz

Community Health Systems (NYSE:CYH) traded in a range yesterday that spanned from a low of $8.91 to a high of $9.32. Yesterday, the shares fell 4.3%, which took the trading range below the 3-day low of $9.05 on volume of 1.7 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Community Health Systems on January 4th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.06. Since that recommendation, shares of Community Health Systems have risen 54.1%. We continue to monitor CYH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Community Health Systems share prices have been bracketed by a low of $4.15 and a high of $65.00 and are now at $8.97, 116% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 2.8% while the 50-day MA has advanced 0.2%.

Keywords: rebounders Community Health Systems

Ticker(s): CYH