• Return to Headlines

Molina Healthcar Looks to Continue to Trade Above its Annual-High Share Price Today

By David Diaz

Shares of Molina Healthcar (NYSE:MOH) traded at a new 52-week high today of $151.31. This new high was reached on below average trading volume as 155,000 shares traded hands, while the average 30-day volume is approximately 1.1 million shares.

Over the past year, Molina Healthcar has traded in a range of $58.66 to $151.31 and is now at $151.21, 158% above that low. The 200-day and 50-day moving averages have moved 1.53% higher and 3.12% higher over the past week, respectively.

Molina Healthcare Inc. is a managed care organization. The Company arranges for the delivery of health care services to persons eligible for Medicaid and other programs for low-income families and individuals. Molina Healthcare has health plans in California, Washington, Utah, and Michigan, as well as primary care clinics located in Northern and Southern California.

Based on a current price of $151.21, Molina Healthcar is currently 39.3% above its average consensus analyst price target of $91.78. The stock should find initial support at its 50-day moving average (MA) of $124.01 and further support at its 200-day MA of $93.16.

SmarTrend recommended that subscribers consider buying shares of Molina Healthcar on March 21st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $78.42. Since that recommendation, shares of Molina Healthcar have risen 90.9%. We continue to monitor MOH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows molina healthcar

Ticker(s): MOH