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Look for Shares of Evolent Health-A to Potentially Pullback after Yesterday's 33.99% Rise

By David Diaz

Evolent Health-A (NYSE:EVH) traded in a range yesterday that spanned from a low of $8.50 to a high of $9.55. Yesterday, the shares gained 34.0%, which took the trading range above the 3-day high of $8.49 on volume of 1.6 million 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 $8.07, which is 47% above that low price. The 200-day and 50-day moving averages have moved 1.47% lower and 0.40% higher over the past week, respectively.

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