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SmarTrend Watching for Potential Rebound in Shares of Healthcare Servs After 4.62% Loss

By David Diaz

Healthcare Servs (NASDAQ:HCSG) traded in a range yesterday that spanned from a low of $38.71 to a high of $41.41. Yesterday, the shares fell 4.6%, which took the trading range below the 3-day low of $40.05 on volume of 551,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is monitoring the recent change of momentum in Healthcare Servs. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Healthcare Servs in search of a potential trend change.

Healthcare Servs share prices have moved between a 52-week high of $56.20 and a 52-week low of $34.83 and are now trading 11% above that low price at $38.74 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has slid 0.6%.

Keywords: rebounders healthcare servs

Ticker(s): HCSG