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Universal Health Services Crosses Above its 10-day MA (UHS)

By David Diaz

Today, shares of Universal Health Services (NYSE:UHS) have crossed bullishly above their 10-day moving average of $121.25 on a volume of 121K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher 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 21% above that low price at $121.68 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.6% while the 200-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of Universal Health Services on July 27th, 2016 by issuing a Downtrend alert when the shares were trading at $128.83. Since that call, shares of Universal Health Services have fallen 6.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses universal health services

Ticker(s): UHS