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Acadia Healthcare Shares Climbing Higher, Up 1.5%

Published on Tue, 03/19/2013 - 10:33
By Robert Cotter

Acadia Healthcare (NASDAQ:ACHC), a company whose shares are moving quickly, is trading 1.5% higher to $28.60. The S&P is currently trading fractionally lower to 1,550 and the Dow Jones Industrial Average is trading fractionally higher to 14,462.

Acadia Healthcare share prices have moved between a 52-week high of $29.09 and a 52-week low of $14.40 and are now trading 99% above that low price at $28.60 per share. The 200-day and 50-day moving averages have moved 0.72% higher and 0.95% higher over the past week, respectively.

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 6.5% exists for Acadia Healthcare, based on a current level of $28.60 and analysts' average consensus price target of $30.45. The stock should find initial support at its 50-day moving average (MA) of $26.31 and further support at its 200-day MA of $21.74.

By Robert Cotter