Encompass Health Corp (EHC): Price Now Near $85; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for EHC

At the time of this writing, EHC (Get Ratings)’s price is up $0.12 (0.14%) from the hour prior. This is the 3rd hour in a row EHC has seen its price head up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

EHC ranks 4th in terms of today’s price percentage change out of Healthcare stocks.

EHC’s Technical Outlook on the Daily Chart

At the moment, EHC’s price is up $0.56 (0.66%) from the day prior. This move is a reversal from the day prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows EHC’s price action over the past 90 days.

EHC

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