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TMCNet:  Look for Shares of WellPoint to Potentially Rebound after Yesterday's 5.47% Sell Off

[November 07, 2012]

Look for Shares of WellPoint to Potentially Rebound after Yesterday's 5.47% Sell Off

Nov 07, 2012 (SmarTrend(R) News Watch via COMTEX) -- WellPoint (NYSE:WLP) traded in a range yesterday that spanned from a low of $57.70 to a high of $59.00. Yesterday, the shares fell 5.5%, which took the trading range below the 3-day low of $59.95 on volume of 7.5 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 10% above that low price at $57.85 per share. The 200-day and 50-day moving averages have moved 0.26% lower and 0.35% higher over the past week, respectively.

Write to Chip Brian at --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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