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Play of the Day (For Monday)
Interactive Chart
Sunday, March 18, 2001

UHS - Universal Health Services $84.37 (+0.63)

Sunday's Comment:

UHS, an owner and operator of 47 hospitals, attracted a fair amount of buying interest last week. At first glance, a positive move of less than a point for the whole week may be unimpressive. However, when one considers the huge declines seen by a multitude of stocks over the last week, UHS' positive move tells us that the stock is developing some nice relative strength. It is technically significant that UHS bounced off its 200-DMA, which closed the week at $80.09. A sustained bounce off the 200-DMA is a good sign that a stock has found a bottom and will likely trend higher. Addition, it appears as if UHS is headed towards putting in a triple bottom formation. UHS is also tempting because it is a split candidate. The company's last split was made payable in May of 1996 when the stock was trading almost 30 points below Friday's close. In the event of a pullback on Monday, we are comfortable adding positions if UHS stays above our suggested stop at $80.00. A good entry point for momentum investors will present itself if UHS moves above its 50-DMA of $85.81. This trade becomes more enticing if the move above the 50-DMA is accompanied by midday volume of at least 150,000 shares. We are additionally encouraged by the fact that the OBV is getting stronger.

Picked on March 15th @ $83.50
Change since picked +0.87
Stop Loss @ $80.00

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