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Look for Shares of Universal Hlth-B to Potentially Rebound after Yesterday's 1.56% Sell Off

Comtex SmarTrend(R) - Mon Aug 3, 12:51PM 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.

In the past 52 weeks, Universal Hlth-B share prices have been bracketed by a low of $65.20 and a high of $157.06 and are now at $108.19, 66% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has slid 0.7%.

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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