See how the Descending Triangle is playing out for UHS. View live chart.
Bearish continuation pattern.
Traders are watching Universal Health Services (UHS) as price action tightens. Currently at $162.25, the asset is showing downward momentum (-1.26%). Algorithmically, a Descending Triangle structure has completed. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $157.02, targeting $124.95 with support near $175.0 (R:R 1.78).
What is your outlook on UHS?