Bullish Moving Average Cross by Acadia Healthcare (ACHC)

Published on Tue, 06/30/2015 - 11:10
By Robert Cotter in Moving average crossovers, ACHC, acadia healthcare, moving crosses, nasdaq:achc

Today, shares of Acadia Healthcare (NASDAQ:ACHC) have crossed bullishly above their 10-day moving average of $75.92 on a volume of 262K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Acadia Healthcare share prices have been bracketed by a low of $43.45 and a high of $78.51 and are now at $77.12, 77% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.4%.

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.

Acadia Healthcare has overhead space with shares priced $77.12, or 3.9% below the average consensus analyst price target of $80.23. The stock should discover initial support at its 50-day moving average (MA) of $71.96 and subsequent support at its 200-day MA of $63.74.

By Robert Cotter
rcotter@fnno.com

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