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Universal Hlth-B Set to Possibly Rebound After Yesterday's Selloff of 1.28%

By James Quinn

Universal Hlth-B (NYSE:UHS) traded in a range yesterday that spanned from a low of $124.32 to a high of $126.80. Yesterday, the shares fell 1.3%, which took the trading range below the 3-day low of $125.72 on volume of 210,000 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 Universal Hlth-B. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Universal Hlth-B in search of a potential trend change.

In the past 52 weeks, Universal Hlth-B share prices have been bracketed by a low of $95.26 and a high of $138.77 and are now at $124.36, 31% 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%.

Keywords: rebounders universal hlth-b

Ticker(s): UHS