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

By Amy Schwartz

Molina Healthcare (NYSE:MOH) crossed under its 10-day moving average of $66.78 on a volume of 411K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Molina Healthcare has traded in a range of $42.56 to $82.37 and is now at $65.27, 53% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.8% while the 200-day MA has slid 0.8%.

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 40.6%. 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