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Bullish Moving Average Cross by Molina Healthcare (MOH)

By Nick Russo

Today, shares of Molina Healthcare (NYSE:MOH) have crossed bullishly above their 10-day moving average of $46.38 on a volume of 332K 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, Molina Healthcare has traded in a range of $44.50 to $82.37 and is now at $46.93, 5% above that low. The 200-day and 50-day moving averages have moved 0.79% lower and 1.82% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Molina Healthcare on April 29th, 2016 by issuing a Downtrend alert when the shares were trading at $53.46. Since that call, shares of Molina Healthcare have fallen 13.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses molina healthcare

Ticker(s): MOH