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SmarTrend Watching for Potential Rebound in Shares of Envision Healthc After 8.50% Loss

By James Quinn

Envision Healthc (NYSE:EVHC) traded in a range yesterday that spanned from a low of $38.75 to a high of $43.52. Yesterday, the shares fell 8.5%, which took the trading range below the 3-day low of $42.60 on volume of 2.9 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend recommended that subscribers consider buying shares of Envision Healthc on December 11th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.63. Since that recommendation, shares of Envision Healthc have risen 30.9%. We continue to monitor EVHC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, shares of Envision Healthc have traded between a low of $18.85 and a high of $74.75 and are now at $39.61, which is 110% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has slid 1.2%.

Keywords: rebounders envision healthc

Ticker(s): EVHC