Bearish Moving Average Cross by Universal Health Services (UHS)
Today, shares of Universal Health Services (NYSE:UHS) have fallen below their 10-day MA of $120.24 on a volume of 130K 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.
Over the past year, Universal Health Services has traded in a range of $100.82 to $148.57 and is now at $118.74, 18% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.6%.
SmarTrend recommended that its subscribers protect gains by selling shares of Universal Health Services on July 27th, 2016 by issuing a Downtrend alert when the shares were trading at $128.83. Since that call, shares of Universal Health Services have fallen 6.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: moving crosses universal health services