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Evolent Health-A Set to Possibly Pullback After Yesterday's Rally of 7.32%

By David Diaz

Evolent Health-A (NYSE:EVH) traded in a range yesterday that spanned from a low of $8.11 to a high of $8.77. Yesterday, the shares gained 7.3%, which took the trading range above the 3-day high of $7.73 on volume of 1.0 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Evolent Health-A share prices have moved between a 52-week high of $21.73 and a 52-week low of $5.50 and are now trading 47% above that low price at $8.06 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has remained constant.

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

Keywords: rebounders evolent health-a

Ticker(s): EVH