Acadia Healthcare (NASDAQ:ACHC) was upgraded from Hold to Buy at Deutsche Bank today. The stock closed yesterday at $16.51 on volume of 3.4 million shares, above average daily volume of 75,000.Acadia Healthcare share prices have moved between a 52-week high of $18.00 and a 52-week low of $14.40 and closed yesterday at 15% above that low price at $16.51 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant. Acadia Healthcare has overhead space with shares priced $16.51, or 8.3% below the average consensus analyst price target of $18.00. The stock should find initial support at its 50-day moving average (MA) of $15.95 and further support at its 200-day MA of $15.95.SmarTrend is monitoring the recent change of momentum in Acadia Healthcare. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Acadia Healthcare in search of a potential trend change.
