SmarTrend Watching for Potential Pullback in Shares of Universal Health Services After 1.09% Gain
Universal Health Services (NYSE:UHS) traded in a range yesterday that spanned from a low of $137.71 to a high of $139.34. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $138.00 on volume of 542,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
In the past 52 weeks, shares of Universal Health Services have traded between a low of $100.82 and a high of $148.57 and are now at $138.95, which is 38% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.6%.
SmarTrend recommended that subscribers consider buying shares of Universal Health Services on February 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $112.10. Since that recommendation, shares of Universal Health Services have risen 23.0%. 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