Universal Health Services, Inc. (NYSE: UHS)

Universal Health Services, Inc., through its subsidiaries, owns and operates acute care hospitals, behavioral health centers, surgical hospitals, ambulatory surgery centers, and radiation oncology centers. The company’s hospitals offer various services, including general and specialty surgery, internal medicine, obstetrics, emergency room care, radiology, oncology, diagnostic care, coronary care, pediatric services, pharmacy services, and/or behavioral health services.
Take a look at the 1-year chart of Universal (NYSE: UHS) below with my added notations:

UHS rallied nicely from April up until September before starting to trend lower into November. Since that November low, UHS has steadily rallied higher. Twice over the last 2 months the stock has resistance at $110 (blue), and that $110 has been a key price in the past as well. A break above $110 should mean a run back up to the 52-week high resistance at $115 (red).

The Tale of the Tape: UHS has a key level of resistance at $110. A long trade could be entered on a break through that level. However, if you are bearish on the stock, a short trade could be made on any rallies up to $110.
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