Danny Miller at TradersHuddle.com sees momentum building in shares of Brentwood hospital operator LifePoint Hospitals:

LifePoint's stock price action indicates that both sellers and buyers are materializing very close to each other, which is indicative to a momentum building area, as the stock can resolve by breaking out of the tight range that developed.

Traders wanting to establish a position should place close attention to LifePoint's price action, as any movement outside its predefined range of $36.66 and $38.48 could grab the attention of momentum buyers, looking for a big movement in the price of the stock.

Shares of LifePoint (Ticker: LPNT) were trading about 2 percent lower Friday.