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Recent 52-Week High Exceeded in Shares of Universal Health Services (UHS)

By David Diaz

Shares of Universal Health Services (NYSE:UHS) traded today at $122.05, breaking its 52-week high. This new high was reached on below average trading volume as 240,000 shares traded hands, while the average 30-day volume is approximately 778,000 shares.

Over the past year, Universal Health Services has traded in a range of $73.06 to $122.05 and is now at $121.03, 66% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.3%.

There is potential upside of 7.6% for shares of Universal Health Services based on a current price of $121.03 and an average consensus analyst price target of $130.25. Universal Health Services shares have support at the 50-day moving average (MA) of $112.99 and additional support at the 200-day MA of $107.60.

Universal Health Services, Inc. owns and operates acute care hospitals, behavioral health centers, ambulatory surgery centers, radiation oncology centers, and women's centers. The Company provides services such as general surgery, internal medicine, obstetrics, radiology, pediatric services, and behavioral health services. Universal operates facilities in the United States.

SmarTrend is monitoring the recent change of momentum in Universal Health Services. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Universal Health Services in search of a potential trend change.

Keywords: 52 week high/lows universal health services

Ticker(s): UHS