Stock Bucking the Trend - Skilled Healthcare Group, Inc.

While the market is doing very poorly today due to disappointing first quarter report from Alcoa, shares of nursing facilities operator Skilled Healthcare Group (SKH) surged 10.49% to $15.49 per share as the company is putting itself up for sale.  After becoming a penny stock last July to as low as $1.43 per share the stock went on to gain 980% in the next nine months.  The technical chart still indicates bullish trend as both 50 day and 200 day moving average are going up.