• Return to Headlines

Bullish Moving Average Cross by Wellcare Health (WCG)

By David Diaz

Today, shares of Wellcare Health (NYSE:WCG) have crossed bullishly above their 10-day moving average of $269.45 on a volume of 132K 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 Wellcare Health have traded between a low of $220.63 and a high of $324.99 and are now at $271.61, which is 23% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has declined 0.5%.

SmarTrend recommended that its subscribers protect gains by selling shares of Wellcare Health on July 9th, 2019 by issuing a Downtrend alert when the shares were trading at $280.02. Since that call, shares of Wellcare Health have fallen 4.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses wellcare health

Ticker(s): WCG