• Return to Headlines

Look for Shares of Healthcare Servs to Potentially Rebound after Yesterday's 5.48% Sell Off

By Nick Russo

Healthcare Servs (NASDAQ:HCSG) traded in a range yesterday that spanned from a low of $38.26 to a high of $40.82. Yesterday, the shares fell 5.5%, which took the trading range below the 3-day low of $40.89 on volume of 2.0 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Healthcare Servs share prices have been bracketed by a low of $34.83 and a high of $56.20 and are now at $39.98, 15% above that low price. The 200-day and 50-day moving averages have moved 0.22% higher and 0.63% higher over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Healthcare Servs on February 6th, 2018 by issuing a Downtrend alert when the shares were trading at $50.15. Since that call, shares of Healthcare Servs have fallen 15.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders healthcare servs

Ticker(s): HCSG