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Universal Hlth-B Falls 3.73% on Heavy Volume: Watch For Potential Rebound

By Amy Schwartz

Universal Hlth-B (NYSE:UHS) traded in a range yesterday that spanned from a low of $127.79 to a high of $133.52. Yesterday, the shares fell 3.7%, which took the trading range below the 3-day low of $132.10 on volume of 493,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Universal Hlth-B share prices have moved between a 52-week high of $142.22 and a 52-week low of $109.37 and are now trading 18% above that low price at $128.79 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has remained constant.

SmarTrend is tracking the current trend status for Universal Hlth-B and will alert subscribers who have UHS in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders universal hlth-b

Ticker(s): UHS