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DaVita Crosses Below its 10-day MA (DVA)

By Shiri Gupta

DaVita (NYSE:DVA) shares have crossed bearishly below their 10-day moving average of $65.95 on a volume of 124K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, DaVita share prices have been bracketed by a low of $61.36 and a high of $84.40 and are now at $65.23, 6% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.1%.

SmarTrend recommended that its subscribers protect gains by selling shares of DaVita on June 14th, 2016 by issuing a Downtrend alert when the shares were trading at $75.31. Since that call, shares of DaVita have fallen 12.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses davita

Ticker(s): DVA