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Evolent Health-A Falls 2.42% on Heavy Volume: Watch For Potential Rebound

By Shiri Gupta

Evolent Health-A (NYSE:EVH) traded in a range yesterday that spanned from a low of $6.33 to a high of $6.56. Yesterday, the shares fell 2.4%, which took the trading range below the 3-day low of $6.46 on volume of 514,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

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.

Evolent Health-A share prices have moved between a 52-week high of $26.21 and a 52-week low of $5.50 and are now trading 17% above that low price at $6.45 per share. Over the last five market days, the 200-day moving average (MA) has gone down 1.5% while the 50-day MA has declined 0.6%.

Keywords: rebounders evolent health-a

Ticker(s): EVH