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Bearish Moving Average Cross by Envision Healthc (EVHC)

By David Diaz

Today, shares of Envision Healthc (NYSE:EVHC) have crossed bearishly below their 10-day moving average of $42.44 on a volume of 268K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Envision Healthc has traded in a range of $23.77 to $64.00 and is now at $42.29, 78% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.5%.

SmarTrend recommended that subscribers consider buying shares of Envision Healthc on December 11th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $32.63. Since that recommendation, shares of Envision Healthc have risen 32.1%. We continue to monitor EVHC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses envision healthc

Ticker(s): EVHC