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After Yesterday's Rally of 1.30% Shares Could Potentially Pullback

By Shiri Gupta

Hca Healthcare I (NYSE:HCA) traded in a range yesterday that spanned from a low of $77.63 to a high of $78.98. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $78.79 on volume of 719,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Hca Healthcare I have traded between a low of $67.00 and a high of $91.03 and are now at $78.74, which is 18% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of Hca Healthcare I on July 26th, 2017 by issuing a Downtrend alert when the shares were trading at $81.33. Since that call, shares of Hca Healthcare I have fallen 4.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders hca healthcare i

Ticker(s): HCA