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After Yesterday's Rally of 39.17% Shares Could Potentially Pullback

By James Quinn

Evolent Health-A (NYSE:EVH) traded in a range yesterday that spanned from a low of $9.08 to a high of $10.10. Yesterday, the shares gained 39.2%, which took the trading range above the 3-day high of $9.68 on volume of 330,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, shares of Evolent Health-A have traded between a low of $5.50 and a high of $26.96 and are now at $9.21, which is 68% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.0% while the 200-day MA has slid 2.2%.

SmarTrend is tracking the current trend status for Evolent Health-A and will alert subscribers who have EVH in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders evolent health-a

Ticker(s): EVH