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SmarTrend Watching for Potential Rebound in Shares of Davita Inc After 2.98% Loss

By Nick Russo

Davita Inc (NYSE:DVA) traded in a range yesterday that spanned from a low of $69.39 to a high of $72.72. Yesterday, the shares fell 3.0%, which took the trading range below the 3-day low of $71.12 on volume of 1.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Davita Inc has traded in a range of $52.51 to $80.71 and is now at $69.98, 33% above that low. The 200-day and 50-day moving averages have moved 0.16% lower and 1.10% higher over the past week, respectively.

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

Keywords: rebounders davita inc

Ticker(s): DVA