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Teladoc Inc Set to Possibly Rebound After Yesterday's Selloff of 2.72%

By James Quinn

Teladoc Inc (NYSE:TDOC) traded in a range yesterday that spanned from a low of $52.46 to a high of $54.61. Yesterday, the shares fell 2.7%, which took the trading range below the 3-day low of $53.18 on volume of 574,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, Teladoc Inc has traded in a range of $40.00 to $89.05 and is now at $52.85, 32% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.9%.

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

Keywords: rebounders teladoc inc

Ticker(s): TDOC