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After Yesterday's Rally of 4.10% Shares Could Potentially Pullback

By David Diaz

Molina Healthcar (NYSE:MOH) traded in a range yesterday that spanned from a low of $165.80 to a high of $174.95. Yesterday, the shares gained 4.1%, which took the trading range above the 3-day high of $173.99 on volume of 753,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Molina Healthcar share prices have moved between a 52-week high of $175.00 and a 52-week low of $102.85 and are now trading 66% above that low price at $170.70 per share. Over the past week, the 200-day moving average (MA) has gone up 0.4% while the 50-day MA has advanced 1.0%.

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

Keywords: rebounders molina healthcar

Ticker(s): MOH