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SmarTrend Watching for Potential Pullback in Shares of Universal Health Services After 3.31% Gain

By Nick Russo

Universal Health Services (NYSE:UHS) traded in a range yesterday that spanned from a low of $120.90 to a high of $124.74. Yesterday, the shares gained 3.3%, which took the trading range above the 3-day high of $121.40 on volume of 514,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Universal Health Services share prices have moved between a 52-week high of $148.57 and a 52-week low of $99.72 and are now trading 24% above that low price at $124.10 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.6% while the 200-day MA has remained constant.

SmarTrend recommended that subscribers consider buying shares of Universal Health Services on February 10th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $116.38. Since that recommendation, shares of Universal Health Services have risen 3.5%. We continue to monitor UHS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders universal health services

Ticker(s): UHS