Long Position on UHS @ $142.10 on 7/1/2015 (Momentum)

Universal Health Services, Inc. (UHS) 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.

As of February 26, 2015, it owned and/or operated 24 acute care hospitals and 216 behavioral health centers located in 37 states, Washington, D.C.; the United Kingdom; Puerto Rico; and the U.S. Virgin Islands. 

Shares have formed a bullish "flag" after the Supreme Court upheld Obamacare. The Supreme Court ruled 6-3 on Thursday to uphold the Affordable Care Act's subsidies for 6 million people who get coverage via Healthcare.gov. Higher share prices are expected for this stock.

52-Weeks Trading Range: $91.26 to $144.00

Entry Point: $142.10

Stop Loss: $135.00

Target Price: $156.30

Updates

8/5/2015 10:04:16 AM

UHS closed at $148.25 after its 30 days expired.

Position closed on 8/5/2015 at price of $148.25 with a 4.33% gain in 35 days.

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