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Downgrade Alert for Community Health Systems (CYH)

By Nick Russo

Community Health Systems (NYSE:CYH) was downgraded from Outperform to Market Perform at Wells Fargo today. The stock closed yesterday at $48.66 on volume of 2.2 million shares, above average daily volume of 2.0 million.

Over the past year, Community Health Systems has traded in a range of $34.55 to $57.72 and closed yesterday at $48.66, 41% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.6%.

Potential upside of 26.9% exists for Community Health Systems, based on a current level of $48.66 and analysts' average consensus price target of $61.76. The stock should hit resistance at its 50-day moving average (MA) of $54.21, as well as support at its 200-day MA of $45.27.

Community Health Systems Inc. owns, leases, and operates hospitals in multiple states. The Hospitals services include emergency room services, general surgery, critical care, internal medicine, obstetrics and diagnostic services. Community Health also owns interests in physicians, physician practices, imaging centers, home health agencies and ambulatory surgery centers.

SmarTrend is monitoring the recent change of momentum in Community Health Systems. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Community Health Systems in search of a potential trend change.

Keywords: analyst upgrades/downgrades Community Health Systems

Ticker(s): CYH