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According to the 15-minute chart for Us Foods Holding, there was a notable technical event that occurred on December 3, 2022 at 3:15 PM. Specifically, the stock's KDJ indicator formed a Death Cross, which is a bearish signal. Additionally, the chart featured a Bearish Marubozu, which indicates that sellers dominated the market during this time period. Taken together, these indicators suggest that the momentum of the stock price is shifting towards the downside and has the potential to continue decreasing. As a result, it is likely that bearish momentum will persist in the market.
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