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Acadia Healthcare Bearish Moving Average Crossover Alert (ACHC)

By Amy Schwartz

Acadia Healthcare (NASDAQ:ACHC) shares have crossed bearishly below their 10-day moving average of $51.67 on a volume of 121K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Acadia Healthcare share prices have moved between a 52-week high of $85.62 and a 52-week low of $49.77 and are now trading 3% above that low price at $51.24 per share. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.7%.

SmarTrend recommended that its subscribers protect gains by selling shares of Acadia Healthcare on June 27th, 2016 by issuing a Downtrend alert when the shares were trading at $53.49. Since that call, shares of Acadia Healthcare have fallen 3.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses acadia healthcare

Ticker(s): ACHC