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Molina Healthcar Set to Possibly Pullback After Yesterday's Rally of 2.69%

By Amy Schwartz

Molina Healthcar (NYSE:MOH) traded in a range yesterday that spanned from a low of $84.96 to a high of $87.37. Yesterday, the shares gained 2.7%, which took the trading range above the 3-day high of $85.56 on volume of 579,000 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, Molina Healthcar share prices have been bracketed by a low of $42.56 and a high of $93.98 and are now at $87.27, 105% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.8% while the 200-day MA has slid 0.8%.

SmarTrend recommended that subscribers consider buying shares of Molina Healthcar on March 21st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $78.42. Since that recommendation, shares of Molina Healthcar have risen 8.2%. We continue to monitor MOH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders molina healthcar

Ticker(s): MOH