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 $122.56 on a volume of 166K 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, Universal Health Services share prices have been bracketed by a low of $100.82 and a high of $148.57 and are now at $122.02, 21% above that low price. 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 4.4%. 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