Universal Health Services Bearish Moving Average Crossover Alert (UHS)
Today, shares of Universal Health Services (NYSE:UHS) have crossed bearishly below their 10-day moving average of $136.29 on a volume of 109K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
Universal Health Services share prices have moved between a 52-week high of $148.57 and a 52-week low of $100.82 and are now trading 35% above that low price at $136.08 per share. 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 26th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $112.10. Since that recommendation, shares of Universal Health Services have risen 21.9%. 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