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Watch for WellPoint to Potentially Rebound After Falling 3.27% Yesterday
Jan 03, 2013 (SmarTrend(R) News Watch via COMTEX) --
WellPoint (NYSE:WLP) traded in a range yesterday that spanned from a low of $58.75 to a high of $60.24. Yesterday, the shares fell 3.3%, which took the trading range below the 3-day low of $59.48 on volume of 3.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean revision.
SmarTrend is tracking the current trend status for WellPoint and will alert subscribers who have WLP in their portfolio or watchlist when shares have changed trend direction.
WellPoint share prices have moved between a 52-week high of $74.73 and a 52-week low of $52.52 and are now trading 12% above that low price at $58.93 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.2%.
Write to Chip Brian at cbrian@mysmartrend.com
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SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
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