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Acadia Healthcare Bearish Moving Average Crossover Alert (ACHC)

By David Diaz

Acadia Healthcare (NASDAQ:ACHC) crossed under its 10-day moving average of $44.74 on a volume of 3.5 million shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Acadia Healthcare share prices have been bracketed by a current low of $37.96 and a high of $85.62 and are now at $39.08. The 200-day and 50-day moving averages have moved 0.62% lower and 0.71% higher over the past week, respectively.

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 15.5%. 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