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SmarTrend Watching for Potential Rebound in Shares of Acadia Healthcare After 2.53% Loss

By Nick Russo

Acadia Healthcare (NASDAQ:ACHC) traded in a range yesterday that spanned from a low of $40.46 to a high of $41.62. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $41.56 on volume of 483,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Acadia Healthcare has traded in a range of $32.54 to $74.77 and is now at $40.51, 25% above that low. The 200-day and 50-day moving averages have moved 0.55% lower and 1.05% lower over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Acadia Healthcare on January 10th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.03. Since that recommendation, shares of Acadia Healthcare have risen 9.5%. We continue to monitor ACHC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders acadia healthcare

Ticker(s): ACHC