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Universal Health Services Bearish Moving Average Crossover Alert (UHS)

By Amy Schwartz

Today, shares of Universal Health Services (NYSE:UHS) have crossed bearishly below their 10-day moving average of $123.38 on a volume of 165K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, Universal Health Services share prices have been bracketed by a low of $99.72 and a high of $148.57 and are now at $123.19, 24% above that low price. The 200-day and 50-day moving averages have moved 0.12% lower and 1.62% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Universal Health Services on February 10th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $116.38. Since that recommendation, shares of Universal Health Services have risen 7.5%. We continue to monitor UHS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses universal health services

Ticker(s): UHS