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After Yesterday's Rally of 1.30% Shares Could Potentially Pullback

By Amy Schwartz

Select Medical (NYSE:SEM) traded in a range yesterday that spanned from a low of $21.08 to a high of $21.53. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $21.16 on volume of 141,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Select Medical share prices have been bracketed by a low of $12.96 and a high of $21.53 and are now at $21.42, 65% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 1.5%.

SmarTrend is tracking the current trend status for Select Medical and will alert subscribers who have SEM in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders select medical

Ticker(s): SEM