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Healthcare Servs Bearish Moving Average Crossover Alert (HCSG)

By James Quinn

Today, shares of Healthcare Servs (NASDAQ:HCSG) have crossed bearishly below their 10-day moving average of $30.32 on a volume of 149K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Healthcare Servs have traded between a low of $28.24 and a high of $48.73 and are now at $30.22, which is 7% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has declined 0.8%.

SmarTrend recommended that its subscribers protect gains by selling shares of Healthcare Servs on February 6th, 2019 by issuing a Downtrend alert when the shares were trading at $39.53. Since that call, shares of Healthcare Servs have fallen 22.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses healthcare servs

Ticker(s): HCSG