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Molina Healthcare Bearish Moving Average Crossover Alert (MOH)

By Nick Russo

Today, shares of Molina Healthcare (NYSE:MOH) have crossed bearishly below their 10-day moving average of $67.01 on a volume of 314K 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, Molina Healthcare share prices have been bracketed by a low of $42.56 and a high of $82.37 and are now at $66.89, 57% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 1.8%.

SmarTrend recommended that subscribers consider buying shares of Molina Healthcare on April 24th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $48.51. Since that recommendation, shares of Molina Healthcare have risen 39.9%. We continue to monitor MOH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses molina healthcare

Ticker(s): MOH