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SmarTrend Watching for Potential Rebound in Shares of Teladoc Inc After 6.41% Loss

By Amy Schwartz

Teladoc Inc (NYSE:TDOC) traded in a range yesterday that spanned from a low of $77.60 to a high of $81.18. Yesterday, the shares fell 6.4%, which took the trading range below the 3-day low of $82.93 on volume of 982,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Teladoc Inc have traded between a low of $42.08 and a high of $86.30 and are now at $78.37, which is 86% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 1.7%.

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

Keywords: rebounders teladoc inc

Ticker(s): TDOC