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Watch for Continued Gains in Shares of Acadia Healthcare (ACHC)

Published on Thu, 03/28/2013 - 14:13
By Robert Cotter

Shares of Acadia Healthcare (NASDAQ:ACHC) traded today at $29.49, breaking its 52-week high. Approximately 88,000 shares have changed hands today, as compared to an average 30-day volume of 299,000 shares.

Acadia Healthcare Company, Inc. engages in the provision of behavioral healthcare services in the United States. It operates acute inpatient psychiatric facilities that provide evaluation and crisis stabilization of patients with severe psychiatric diagnoses.

Potential upside of 5.0% exists for Acadia Healthcare, based on a current level of $29.00 and analysts' average consensus price target of $30.45. The stock should find initial support at its 50-day moving average (MA) of $26.92 and further support at its 200-day MA of $22.16.

In the past 52 weeks, Acadia Healthcare share prices have been bracketed by a low of $14.40 and a high of $29.49 and are now at $29.00, 101% above that low price. The 200-day and 50-day moving averages have moved 0.89% higher and 1.02% higher over the past week, respectively.

By Robert Cotter
rcotter@fnno.com