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Acadia Healthcare Falling Today on Above-Average Volume (ACHC)

By Shiri Gupta

Shares of Acadia Healthcare are trading today in above average volume, with the share price falling 12.7% to $39.45. Today's volume of 923,000 shares tops the average 30-day volume of 608,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

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.

Over the past year, Acadia Healthcarehas traded in a range of $39.04 to $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%.

Keywords: unusual volume acadia healthcare

Ticker(s): ACHC