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Recent 52-Week High Exceeded in Shares of WellPoint (WLP)

By Shiri Gupta

Shares of WellPoint (NYSE:WLP) traded today at $127.59, breaking its 52-week high. This new high was reached on below average trading volume as 173,000 shares traded hands, while the average 30-day volume is approximately 2.1 million shares.

Based on a current price of $127.10, WellPoint is currently 3.7% above its average consensus analyst price target of $122.37. WellPoint shares have support at the 50-day moving average (MA) of $118.63 and additional support at the 200-day MA of $105.40.

WellPoint Inc. is a health benefits company. The Company provides health benefits, dental and vision benefits, pharmacy benefits, life insurance, and life and disability insurance benefits. WellPoint operations include Blue Cross and Blue Shield plans.

WellPoint share prices have moved between a 52-week high of $127.59 and a 52-week low of $81.84 and are now trading 55% above that low price at $127.10 per share. The 200-day and 50-day moving averages have moved 0.79% higher and 0.82% higher over the past week, respectively.

SmarTrend is monitoring the recent change of momentum in WellPoint. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of WellPoint in search of a potential trend change.

Keywords: 52 week high/lows WellPoint

Ticker(s): WLP