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Inovalon Holdi-A Bullish Moving Average Crossover Alert (INOV)

By David Diaz

Today, shares of Inovalon Holdi-A (NASDAQ:INOV) have crossed bullishly above their 10-day moving average of $10.06 on a volume of 184K 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, Inovalon Holdi-A share prices have been bracketed by a low of $8.60 and a high of $20.05 and are now at $10.28, 19% above that low price. The 200-day and 50-day moving averages have moved 0.99% lower and 1.03% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Inovalon Holdi-A on December 14th, 2017 by issuing a Downtrend alert when the shares were trading at $14.80. Since that call, shares of Inovalon Holdi-A have fallen 33.1%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses inovalon holdi-a

Ticker(s): INOV