Decision Time: U.S. Physical Therapy Inc (NYSE:USPH) Stock Technicals Hit Inflection Point
(USPH Price of Stock at Publication: $64.2)
Decision Time: U.S. Physical Therapy Inc (NYSE:USPH) now sits in the perhaps the most difficult technical position -- the stock has no urgency in its direction and that has left it at an inflection point. Watch the key moving average levels that we discuss below and further, watch the stochastics, technical oscillators and momentum readings for any kind of hint to direction.
The company has a three bull momentum rating which indicates an inflection point. It may seem obvious, but this is the time to put the stock on alert -- a meaningful move in either direction now will likely swing momentum into a channel that could be decidedly up or down. With the current stock price and the moving averages showing signs of indecision, any consecutive day stock move in either direction will likely push the stock into a bearish or bullish momentum channel that could persist for the short-term. This is a critical inflection point.
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USPH is down -6.6% over the last three months and up +4.6% over the last six months. The stock price is up +29.1% over the last year. The current stock price is $64.2.
USPH Stock Returns
If you're looking for the simplest version of this, here it is -- when the short-term moving averages are above the long-term moving averages that indicates relative strength in the technical. Then see the current price relative to the highest moving average and you will have a "back of the envelope" technical indicator in your back pocket for any stock at any time.
The blending and weighting of numbers above created the technical model built by Capital Market Laboratories (www.CMLviz.com). Note the stock price at publication ($64.2), since the technical rating is based on intraday stock prices.
Technicals | Support: 63.15 | Resistance: 65.35
Golden Cross Alert: The 50 day MA is now above the 200 day moving average.
As we noted above -- the back of the envelope rule here is that when shorter-term moving averages move above the longer-term ones, momentum is building. We have that right now.
Swing Death Cross Alert: The short-term 10 day moving average is now below the 50 day moving average.
Recall that when we see the shortest-term moving average (10-day in this case) fall below any other moving average (50-day in this case), it indicates weakening momentum.
We can set aside oscillators and stochastics, we are simply in no man's land: U.S. Physical Therapy Inc has a three bull technical rating which puts it at an inflection point because while it's trading above its 10 day moving average, its trading below both the 50- and 200 day simple moving averages and the 10 day moving average is below the 50 day moving average ("swing death cross"). The fact that the stock is up 0.31% today and that the stockprice is above the 10-day moving average puts it an a critical inflection point.
We now turn to the actual numbers driving this rating:
U.S. Physical Therapy Inc (NYSE:USPH) rating statistics:
10-day moving average: $63.97
50-day moving average: $69.15
200-day moving average: $65.29