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Acadia Healthcare Crosses Above its 10-day MA (ACHC)

Published on Fri, 02/01/2013 - 12:19
By Mallory Stone

Acadia Healthcare (NASDAQ:ACHC) shares have crossed bullishly above their 10-day moving average of $26.13 on a volume of 180K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Acadia Healthcare has overhead space with shares priced $26.25, or 5.3% below the average consensus analyst price target of $27.73. The stock should discover initial support at its 50-day moving average (MA) of $23.73 and subsequent support at its 200-day MA of $20.11.

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.

In the past 52 weeks, shares of Acadia Healthcare have traded between a low of $14.40 and a high of $27.51 and are now at $26.25, which is 82% above that low price. Over the past week, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 1.5%.

By Mallory Stone