Could Universal Health Realty Income Trust (UHT) Go Down? The Stock Formed Wedge Down Pattern

December 7, 2017 - By Michael Collier

The stock of Universal Health Realty Income Trust (UHT) formed a down wedge with $70.82 target or 4.00 % below today’s $73.77 share price. The 9 months wedge indicates high risk for the $1.01B company. If the $70.82 price target is reached, the company will be worth $40.52M less.
Falling wedges are poor performers for bullish breakouts and are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 11% and 15%. The average rise is 32% and the decline is 15%. The falling wedges has high throwback and pullback rate: 56%, 69% and the percent of wedges meeting target is not very high.

The stock increased 2.10% or $1.52 during the last trading session, reaching $73.77. About 39,109 shares traded. Universal Health Realty Income Trust (NYSE:UHT) has risen 37.55% since December 8, 2016 and is uptrending. It has outperformed by 20.85% the S&P500.

More news for Universal Health Realty Income Trust (NYSE:UHT) were recently published by: Marketwatch.com, which released: “Universal Health Realty Income Trust” on October 16, 2010. Prnewswire.com‘s article titled: “Universal Health Realty Income Trust Announces Dividend Increase” and published on December 06, 2017 is yet another important article.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.