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SmarTrend Watching for Potential Pullback in Shares of Molina Healthcar After 1.95% Gain

By Nick Russo

Molina Healthcar (NYSE:MOH) traded in a range yesterday that spanned from a low of $177.87 to a high of $183.66. Yesterday, the shares gained 1.9%, which took the trading range above the 3-day high of $178.60 on volume of 278,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

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.

Molina Healthcar share prices have moved between a 52-week high of $183.66 and a 52-week low of $102.85 and are now trading 77% above that low price at $181.79 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.3%.

Keywords: rebounders molina healthcar

Ticker(s): MOH