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Wellcare Health Set to Possibly Rebound After Yesterday's Selloff of 2.64%

By Nick Russo

Wellcare Health (NYSE:WCG) traded in a range yesterday that spanned from a low of $262.76 to a high of $268.18. Yesterday, the shares fell 2.6%, which took the trading range below the 3-day low of $267.08 on volume of 729,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Wellcare Health share prices have moved between a 52-week high of $324.99 and a 52-week low of $194.52 and are now trading 35% above that low price at $262.76 per share. The 200-day and 50-day moving averages have moved 0.18% higher and 0.08% lower over the past week, respectively.

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

Keywords: rebounders wellcare health

Ticker(s): WCG