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Technical Analysis
- 11/18/2009 8:57:06 AM
By Chip Brian, SmarTrend Analytics Team
Coventry Health Care (NYSE:CVH) added to Conviction Sell List, $20 target, at Goldman. The stock closed yesterday at $23.63 on volume of 1,109,700 shares, below average daily volume of 2,273,863.
Coventry Health Care is currently above its 50-day moving average of $20.69 and above its 200-day moving average of $18.02.
SmarTrend is bullish on shares of CVH and our subscribers received an Uptrend alert on November 04, 2009 at $21.63, which has returned 9.2% to date.
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