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Watch for Davita Inc to Potentially Rebound After Falling 1.87% Yesterday

By David Diaz

Davita Inc (NYSE:DVA) traded in a range yesterday that spanned from a low of $58.00 to a high of $59.06. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $58.92 on volume of 3.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Davita Inc share prices have been bracketed by a low of $43.40 and a high of $79.11 and are now at $58.25, 34% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has advanced 1.6%.

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