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Shares of Community Health Systems Has Risen Above Previous 52-Week High

By James Quinn

Community Health Systems (NYSE:CYH) traded today at a new 52-week high of $52.07. This new high was reached on below average trading volume as 391,000 shares traded hands, while the average 30-day volume is approximately 1.9 million shares.

In the past 52 weeks, shares of Community Health Systems have traded between a low of $34.55 and a high of $52.07 and are now at $51.94, which is 50% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.2%.

Potential upside of 8.2% exists for Community Health Systems, based on a current level of $51.94 and analysts' average consensus price target of $56.18. The stock should discover initial support at its 50-day moving average (MA) of $46.34 and subsequent support at its 200-day MA of $41.46.

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.

SmarTrend recommended that subscribers consider buying shares of Community Health Systems on July 25th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $47.71. Since that recommendation, shares of Community Health Systems have risen 7.1%. We continue to monitor CYH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows Community Health Systems

Ticker(s): CYH