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Community Health: The Losing Streak Continues (CYH)

By James Quinn

Community Health (NYSE:CYH) traded today at a new 52-week low of $2.23. This new low was reached on below average trading volume as 486,000 shares traded hands, while the average 30-day volume is approximately 2 million shares.

Community Health Systems Inc. owns, leases, and operates hospitals in multiple states. The Hospitals services include emergency room services, general surgery, critical care, internal medicine, obstetrics, and diagnostic services. Community Health also owns interests in physicians, physician practices, imaging centers, home health agencies, and ambulatory surgery centers.

Community Health share prices have moved between a 52-week high of $5.35 and the current low of $2.23 and are currently at $2.23 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 1.9%.

There is potential upside of 116.7% for shares of Community Health based on a current price of $2.23 and an average consensus analyst price target of $4.83. Community Health shares should first meet resistance at the 50-day moving average (MA) of $2.87 and find additional resistance at the 200-day MA of $3.50.

SmarTrend recommended that its subscribers protect gains by selling shares of Community Health on March 26th, 2019 by issuing a Downtrend alert when the shares were trading at $4.15. Since that call, shares of Community Health have fallen 43.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows community health

Ticker(s): CYH