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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 Raymond James today. The stock closed yesterday at $62.48 on volume of 8.8 million shares, above average daily volume of 966,000.

Over the past year, Community Health Systems has traded in a range of $42.05 to $63.36 and closed yesterday at $62.45, 49% above that low. The 200-day and 50-day moving averages have moved 0.18% higher and 0.69% higher over the past week, respectively.

Community Health Systems (NYSE:CYH) is currently priced 0.2% above its average consensus analyst price target of $62.30. Community Health Systems shares have support at the 50-day moving average (MA) of $54.02 and additional support at the 200-day MA of $52.21.

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 recommended that subscribers consider buying shares of Community Health Systems on May 20th, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $54.23. Since that recommendation, shares of Community Health Systems have risen 15.2%. We continue to monitor CYH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades Community Health Systems

Ticker(s): CYH