Upgrade Alert for Molina Healthcare (MOH)
Molina Healthcare (NYSE:MOH) was upgraded from Sell to Neutral at Goldman Sachs today. The stock closed yesterday at $57.06 on volume of 1.1 million shares, below average daily volume of 1.3 million.
In the past 52 weeks, shares of Molina Healthcare have traded between a low of $44.50 and a high of $82.37 and closed yesterday at $57.06, which is 28% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 1.8%.
Potential upside of 47.5% exists for Molina Healthcare, based on a current level of $57.06 and analysts' average consensus price target of $84.17. The stock should find initial resistance at its 50-day moving average (MA) of $62.16 and further resistance at its 200-day MA of $64.59.
Molina Healthcare has grown into one of the leaders in providing quality healthcare for financially vulnerable individuals and families. Currently, Molina Healthcare arranges for the delivery of healthcare services or offers health information management solutions for nearly 4.3 million individuals and families who receive their care through Medicaid, Medicare and other government funded programs in 16 states.
SmarTrend recommended that subscribers consider buying shares of Molina Healthcare on June 8th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $51.46. Since that recommendation, shares of Molina Healthcare have risen 8.3%. We continue to monitor MOH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: analyst upgrades/downgrades molina healthcare