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After Yesterday's Rally of 1.39% Shares Could Potentially Pullback

By Nick Russo

Universal Hlth-B (NYSE:UHS) traded in a range yesterday that spanned from a low of $134.01 to a high of $134.91. Yesterday, the shares gained 1.4%, which took the trading range above the 3-day high of $133.09 on volume of 173,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Universal Hlth-B has traded in a range of $109.37 to $142.22 and is now at $134.91, 23% above that low. The 200-day and 50-day moving averages have moved 0.14% higher and 0.66% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in Universal Hlth-B. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Universal Hlth-B in search of a potential trend change.

Keywords: rebounders universal hlth-b

Ticker(s): UHS