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Bullish Moving Average Cross by Inovalon Holdi-A (INOV)

By David Diaz

Today, shares of Inovalon Holdi-A (NASDAQ:INOV) have advanced above their 10-day MA of $16.22 on a volume of 114K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, Inovalon Holdi-A has traded in a range of $8.90 to $17.70 and is now at $16.56, 86% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 0.8%.

SmarTrend recommended that subscribers consider buying shares of Inovalon Holdi-A on April 24th, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $13.20. Since that recommendation, shares of Inovalon Holdi-A have risen 21.0%. We continue to monitor INOV for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses inovalon holdi-a

Ticker(s): INOV