Community Health Systems (NYSE:CYH) was downgraded from Outperform to Neutral at RW Baird today. The stock closed yesterday at $30.01 on volume of 255,000 shares, below average daily volume of 1.1 million.

Community Health Systems (NYSE:CYH) has potential upside of 11.7% based on a current price of $30.01 and analysts' consensus price target of $33.53. The stock should find initial support at its 50-day moving average (MA) of $28.10 and further support at its 200-day MA of $24.58.

Community Health Systems share prices have moved between a 52-week high of $32.70 and a 52-week low of $15.97 and closed yesterday at 88% above that low price at $30.01 per share. Over the past week, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 0.8%.

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 August 27th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $26.56. Since that recommendation, shares of Community Health Systems have risen 13.0%. We continue to monitor CYH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.