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Davita Inc Crosses Below its 10-day MA (DVA)

By Amy Schwartz

Today, shares of Davita Inc (NYSE:DVA) have crossed bearishly below their 10-day moving average of $72.49 on a volume of 281K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Davita Inc have traded between a low of $52.51 and a high of $80.71 and are now at $72.25, which is 38% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 0.5%.

SmarTrend recommended that subscribers consider buying shares of Davita Inc on May 17th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $67.36. Since that recommendation, shares of Davita Inc have risen 8.2%. We continue to monitor DVA for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses davita inc

Ticker(s): DVA