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Look for Shares of Amedisys Inc to Potentially Rebound after Yesterday's 3.00% Sell Off

By James Quinn

Amedisys Inc (NASDAQ:AMED) traded in a range yesterday that spanned from a low of $109.69 to a high of $116.50. Yesterday, the shares fell 3.0%, which took the trading range below the 3-day low of $113.13 on volume of 315,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Amedisys Inc have traded between a low of $45.60 and a high of $127.38 and are now at $111.25, which is 144% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.6% while the 50-day MA has advanced 1.4%.

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.

Keywords: rebounders amedisys inc

Ticker(s): AMED