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Downgrade Alert for Community Health Systems (CYH)

By Shiri Gupta

Community Health Systems (NYSE:CYH) was downgraded from Buy to Fair Value at CRT Capital today. The stock closed yesterday at $36.49 on volume of 915,000 shares, below average daily volume of 1.8 million.

Community Health Systems has overhead space with shares priced $36.49, or 28.2% below the average consensus analyst price target of $50.79. Community Health Systems shares should first meet resistance at the 50-day moving average (MA) of $40.18 and find additional resistance at the 200-day MA of $42.25.

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.

Over the past year, Community Health Systems has traded in a range of $35.19 to $51.29 and closed yesterday at $36.49, 4% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.2% while the 200-day MA has slid 0.5%.

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