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Watch for Healthequity Inc to Potentially Rebound After Falling 4.90% Yesterday

By Shiri Gupta

Healthequity Inc (NASDAQ:HQY) traded in a range yesterday that spanned from a low of $69.70 to a high of $76.31. Yesterday, the shares fell 4.9%, which took the trading range below the 3-day low of $72.10 on volume of 471,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Healthequity Inc have traded between a low of $42.92 and a high of $101.58 and are now at $70.40, which is 64% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.7% while the 200-day MA has risen 0.5%.

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

Keywords: rebounders healthequity inc

Ticker(s): HQY