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Evolent Health-A Looks to Continue to Trade Above its Annual-High Share Price Today

By Amy Schwartz

Shares of Evolent Health-A (NYSE:EVH) traded at a new 52-week high today of $28.15. This new high was reached on below average trading volume as 112,000 shares traded hands, while the average 30-day volume is approximately 741,000 shares.

Evolent Health-A (NYSE:EVH) is currently priced 12.5% above its average consensus analyst price target of $24.40. The stock should find initial support at its 50-day moving average (MA) of $23.09 and further support at its 200-day MA of $17.91.

Evolent Health, Inc. provides a purpose-built platform, powered by our technology, proprietary processes and integrated services, enables providers to migrate their economic orientation from fee-for-service, and FFS, reimbursement to payment models that reward high-quality and cost-effective care, and value-based payment models.

Over the past year, Evolent Health-A has traded in a range of $10.30 to $28.15 and is now at $27.90, 171% above that low. The 200-day and 50-day moving averages have moved 1.62% higher and 1.58% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Evolent Health-A on August 13th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $22.90. Since that recommendation, shares of Evolent Health-A have risen 20.5%. We continue to monitor EVH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows evolent health-a

Ticker(s): EVH