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Davita Inc Set to Possibly Pullback After Yesterday's Rally of 2.94%

By James Quinn

Davita Inc (NYSE:DVA) traded in a range yesterday that spanned from a low of $69.76 to a high of $71.68. Yesterday, the shares gained 2.9%, which took the trading range above the 3-day high of $71.42 on volume of 632,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Davita Inc has traded in a range of $52.51 to $80.71 and is now at $71.46, 36% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 0.6%.

SmarTrend is tracking the current trend status for Davita Inc and will alert subscribers who have DVA in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders davita inc

Ticker(s): DVA