Hospital owner and operator HCA Healthcare (NYSE:HCA) came under heavy selling pressure Tuesday after reporting earnings. The stock is trading lower by $3.40 to $82.54 and is still holding above its daily 200-day moving average, which is $81.47.
If the stock closes below this key level on a weekly chart it would signal that another bearish move is coming. HCA does has support around $77.50 if it declines further from here. This should be a level that will be defended by the institutional traders and investors, so keep it on your radar.