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Possible Trend Reversal, Molina Healthcar Down on Heavy Volume (MOH)

By Shiri Gupta

The price of Molina Healthcar shares has slipped to $164.32 (a -4.9% change) on heavy trading volume. Approximately 1.5 million shares have changed hands today vs. average 30-day volume of 870,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

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.

In the past 52 weeks, shares of Molina Healthcar have traded between a low of $102.85 and a high of $161.01 and are now at $156.71, which is 52% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has remained constant.

Keywords: unusual volume molina healthcar

Ticker(s): MOH