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Shares of Acadia Healthcare Fall to a New 52-Week Low

By David Diaz

Acadia Healthcare (NASDAQ:ACHC) traded today at a new 52-week low of $39.04. So far today approximately 2.9 million shares have been exchanged, as compared to an average 30-day volume of 608,000 shares.

In the past 52 weeks, shares of Acadia Healthcare have traded between the current low of $39.04 and a high of $85.62 and are now at $39.45. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.7%.

Acadia Healthcare has overhead space with shares priced $39.45, or 56.2% below the average consensus analyst price target of $90.14. Acadia Healthcare shares should first meet resistance at the 50-day moving average (MA) of $56.82 and find additional resistance at the 200-day MA of $64.60.

Acadia Healthcare Company, Inc. engages in the provision of behavioral healthcare services in the United States. It operates acute inpatient psychiatric facilities that provide evaluation and crisis stabilization of patients with severe psychiatric diagnoses.

SmarTrend recommended that its subscribers protect gains by selling shares of Acadia Healthcare on June 27th, 2016 by issuing a Downtrend alert when the shares were trading at $53.49. Since that call, shares of Acadia Healthcare have fallen 15.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows acadia healthcare

Ticker(s): ACHC