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Teladoc Inc Set to Possibly Rebound After Yesterday's Selloff of 2.48%

By Nick Russo

Teladoc Inc (NYSE:TDOC) traded in a range yesterday that spanned from a low of $62.81 to a high of $65.45. Yesterday, the shares fell 2.5%, which took the trading range below the 3-day low of $62.85 on volume of 437,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Teladoc Inc share prices have been bracketed by a low of $27.30 and a high of $89.05 and are now at $63.29, 132% above that low price. The 200-day and 50-day moving averages have moved 1.10% higher and 1.03% lower over the past week, respectively.

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

Keywords: rebounders teladoc inc

Ticker(s): TDOC