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Shares of WCG Down 6.0% Since Downtrend Call on Shares

By Shiri Gupta

SmarTrend identified a Downtrend for Wellcare Health (NYSE:WCG) on July 9th, 2019 at $280.02. In approximately 3 months, Wellcare Health has returned 5.95% as of today's recent price of $263.35.

In the past 52 weeks, shares of Wellcare Health have traded between a low of $220.63 and a high of $321.52 and are now at $263.35, which is 19% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.7%.

WellCare Health Plans, Inc. provides government-sponsored managed care services. The company operates in three segments: Medicaid Health Plans, Medicare Health Plans, and Medicare Prescription Drug Plans (PDPs).

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Wellcare Health.

Log in and add Wellcare Health (WCG) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights wellcare health

Ticker(s): WCG