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SmarTrend Watching for Potential Rebound in Shares of Universal Hlth-B After 1.56% Loss

Comtex SmarTrend(R) - Mon Aug 3, 12:50PM CDT

Universal Hlth-B (NYSE:UHS) traded in a range yesterday that spanned from a low of $107.11 to a high of $110.86. Yesterday, the shares fell 1.6%, which took the trading range below the 3-day low of $108.38 on volume of 429,000 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 $157.06 and a 52-week low of $65.20 and are now trading 66% above that low price at $108.19 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 1.3%.

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.

Write to SmarTrend at cs@mysmartrend.com

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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com

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