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Upgrade Alert for Molina Healthcare (MOH)
Nov 09, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) --
Molina Healthcare (NYSE:MOH) was upgraded from Underperform to Hold at Jefferies today. The stock closed yesterday at $26.41 on volume of 696,000 shares, above average daily volume of 422,000. Molina Healthcare share prices have moved between a 52-week high of $36.83 and a 52-week low of $17.63 and closed yesterday at 50% above that low price at $26.41 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has remained constant.
Molina Healthcare (NYSE:MOH) defies analysts with a current price ($26.41) 3.1% above its average consensus price target of $25.58. The stock should hit resistance at its 200-day moving average (MA) of $26.88, as well as support at its 50-day MA of $24.16.
Molina Healthcare has grown into one of the leaders in providing quality healthcare for financially vulnerable individuals and families. Currently, Molina Healthcare arranges for the delivery of healthcare services or offers health information management solutions for nearly 4.3 million individuals and families who receive their care through Medicaid, Medicare and other government funded programs in 16 states.
SmarTrend recommended that subscribers consider buying shares of Molina Healthcare on June 29th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $23.90. Since that recommendation, shares of Molina Healthcare have risen 10.5%. We continue to monitor MOH for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Write to Chip Brian at cbrian@mysmartrend.com
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