• Return to Headlines

Bullish Moving Average Cross by Teladoc Inc (TDOC)

By Amy Schwartz

Teladoc Inc (NYSE:TDOC) crossed over its 10-day moving average of $76.65 on a volume of 327K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Teladoc Inc have traded between a low of $27.30 and a high of $79.64 and are now at $76.77, which is 181% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.6% while the 50-day MA has advanced 1.4%.

SmarTrend recommended that subscribers consider buying shares of Teladoc Inc on August 8th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $68.34. Since that recommendation, shares of Teladoc Inc have risen 10.3%. We continue to monitor TDOC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses teladoc inc

Ticker(s): TDOC