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Watch for Healthcare Servs to Potentially Rebound After Falling 2.29% Yesterday

By Shiri Gupta

Healthcare Servs (NASDAQ:HCSG) traded in a range yesterday that spanned from a low of $44.74 to a high of $46.19. Yesterday, the shares fell 2.3%, which took the trading range below the 3-day low of $45.73 on volume of 272,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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 29% above that low price at $44.96 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Healthcare Servs on February 6th, 2018 by issuing a Downtrend alert when the shares were trading at $50.15. Since that call, shares of Healthcare Servs have fallen 8.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders healthcare servs

Ticker(s): HCSG