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Molina Healthcar Set to Possibly Rebound After Yesterday's Selloff of 6.38%

By David Diaz

Molina Healthcar (NYSE:MOH) traded in a range yesterday that spanned from a low of $123.56 to a high of $129.44. Yesterday, the shares fell 6.4%, which took the trading range below the 3-day low of $128.57 on volume of 612,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Molina Healthcar share prices have moved between a 52-week high of $154.06 and a 52-week low of $80.77 and are now trading 53% above that low price at $123.56 per share. The 200-day and 50-day moving averages have moved 0.40% higher and 0.04% lower over the past week, respectively.

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

Keywords: rebounders molina healthcar

Ticker(s): MOH