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Watch for Davita Inc to Potentially Pullback After Gaining 2.94% Yesterday

By David Diaz

Davita Inc (NYSE:DVA) traded in a range yesterday that spanned from a low of $69.76 to a high of $71.68. Yesterday, the shares gained 2.9%, which took the trading range above the 3-day high of $71.42 on volume of 632,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Davita Inc share prices have moved between a 52-week high of $80.71 and a 52-week low of $52.51 and are now trading 36% above that low price at $71.46 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.2%.

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