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Wellcare Health: 52-Week High Recently Eclipsed (WCG)

By Nick Russo

Wellcare Health (NYSE:WCG) traded today at a new 52-week high of $242.27. Approximately 128,000 shares have changed hands today, as compared to an average 30-day volume of 315,000 shares.

Wellcare Health share prices have moved between a 52-week high of $242.27 and a 52-week low of $162.25 and are now trading 49% above that low price at $241.76 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.3% while the 200-day MA has risen 0.5%.

Based on a current price of $241.76, Wellcare Health is currently 0.4% above its average consensus analyst price target of $240.80. Wellcare Health shares have support at the 50-day moving average (MA) of $212.24 and additional support at the 200-day MA of $197.47.

WellCare Health Plans Inc. provides managed care services targeted to government-sponsored healthcare programs. The Company operates health plans in multiple states.

SmarTrend recommended that subscribers consider buying shares of Wellcare Health on April 18th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $202.48. Since that recommendation, shares of Wellcare Health have risen 18.2%. We continue to monitor WCG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows wellcare health

Ticker(s): WCG