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Watch for Teladoc Inc to Potentially Rebound After Falling 1.80% Yesterday

By Amy Schwartz

Teladoc Inc (NYSE:TDOC) traded in a range yesterday that spanned from a low of $42.44 to a high of $43.85. Yesterday, the shares fell 1.8%, which took the trading range below the 3-day low of $42.65 on volume of 308,000 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 $12.31 and a high of $44.65 and are now at $42.55, 246% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.3% while the 200-day MA has slid 2%.

SmarTrend recommended that subscribers consider buying shares of Teladoc Inc on February 15th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $36.42. Since that recommendation, shares of Teladoc Inc have risen 18.7%. We continue to monitor TDOC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders teladoc inc

Ticker(s): TDOC