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Look for Shares of Amedisys Inc to Potentially Pullback after Yesterday's 3.35% Rise

By Shiri Gupta

Amedisys Inc (NASDAQ:AMED) traded in a range yesterday that spanned from a low of $125.84 to a high of $130.49. Yesterday, the shares gained 3.3%, which took the trading range above the 3-day high of $126.50 on volume of 145,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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

Over the past year, Amedisys Inc has traded in a range of $97.38 to $141.97 and is now at $128.35, 32% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.5% while the 200-day MA has risen 0.2%.

Keywords: rebounders amedisys inc

Ticker(s): AMED