Acadia Healthcare Company, Inc. : Benefit from the uptrend
Entry price | Target | Stop-loss | Potential |
---|---|---|---|
$27.2 | $0 | $25.2 | -100% |
The company’s fundamentals are still strong. Sales are expected to rise by 54% in 2013. Analysts from Thomson Reuters consensus have revised upward their EPS estimates.
Technical patterns are in the green: prices are up for several months. The trend should continue in the coming trading sessions. The 20-day moving average should help to reach the USD 31.3 long term resistance.
Thanks to these good indicators, it seems relevant to take a long position in Acadia Healthcare at the current price. The target price is the USD 31.3 resistance. A stop loss will be fixed under the USD 26.2 short term support because a breakdown of this level would damage technical pattern.