Acadia Healthcare Crosses Below its 10-day MA (ACHC)
Acadia Healthcare (NASDAQ:ACHC) crossed under its 10-day moving average of $61.87 on a volume of 127K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of Acadia Healthcare have traded between a low of $49.77 and a high of $85.62 and are now at $61.47, which is 24% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has slid 0.7%.
SmarTrend recommended that subscribers consider buying shares of Acadia Healthcare on April 14th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $57.66. Since that recommendation, shares of Acadia Healthcare have risen 9.6%. We continue to monitor ACHC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses acadia healthcare