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

By Shiri Gupta

Universal Health Services (NYSE:UHS) traded today at a new 52-week high of $92.98. So far today approximately 97,000 shares have been exchanged, as compared to an average 30-day volume of 767,000 shares.

Universal Health Services share prices have moved between a 52-week high of $92.98 and a 52-week low of $63.51 and are now trading 46% above that low price at $92.73 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.2%.

There is potential upside of 4.1% for shares of Universal Health Services based on a current price of $92.73 and an average consensus analyst price target of $96.57. Universal Health Services shares have support at the 50-day moving average (MA) of $82.43 and additional support at the 200-day MA of $79.39.

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 recommended that subscribers consider buying shares of Universal Health Services on April 25th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $83.78. Since that recommendation, shares of Universal Health Services have risen 10.7%. We continue to monitor UHS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows universal health services

Ticker(s): UHS