• Return to Headlines

Molina Healthcare Crosses Below its 10-day MA (MOH)

By Shiri Gupta

Molina Healthcare (NYSE:MOH) shares have crossed bearishly below their 10-day moving average of $63.29 on a volume of 4.4 million 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, Molina Healthcare share prices have been bracketed by a low of $48.00 and a high of $82.37 and are now at $53.90, 12% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.1%.

SmarTrend recommended that subscribers consider buying shares of Molina Healthcare on February 16th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $56.65. Since that recommendation, shares of Molina Healthcare have risen 13.4%. 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