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Bearish Moving Average Cross by Acadia Healthcar (ACHC)

By Nick Russo

Today, shares of Acadia Healthcar (NASDAQ:ACHC) have crossed bearishly below their 10-day moving average of $41.14 on a volume of 243K 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.

Acadia Healthcar share prices have moved between a 52-week high of $62.48 and a 52-week low of $26.92 and are now trading 52% above that low price at $40.98 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.1% while the 200-day MA has slid 0.6%.

SmarTrend recommended that subscribers consider buying shares of Acadia Healthcar on January 12th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $34.57. Since that recommendation, shares of Acadia Healthcar have risen 20.6%. We continue to monitor ACHC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses acadia healthcar

Ticker(s): ACHC