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Look for Shares of Ehealth Inc to Potentially Pullback after Yesterday's 46.72% Rise

By Nick Russo

Ehealth Inc (NASDAQ:EHTH) traded in a range yesterday that spanned from a low of $74.56 to a high of $78.48. Yesterday, the shares gained 46.7%, which took the trading range above the 3-day high of $77.59 on volume of 154,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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

In the past 52 weeks, shares of Ehealth Inc have traded between a low of $18.35 and a high of $112.22 and are now at $77.93, which is 325% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has declined 2.9%.

Keywords: rebounders ehealth inc

Ticker(s): EHTH