SmarTrend Detects Continued Selling Pressure in Shares of Molina Healthcare (MOH)
SmarTrend identified a Downtrend for Molina Healthcare (NYSE: MOH) on January 22, 2010 at $22.26. In approximately 3 weeks, Molina Healthcare has returned 8.6% as of today's recent price of $20.35.
Molina Healthcare is currently below its 50-day moving average of $22.33 and below its 200-day moving average of $21.85. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Molina Healthcare.
Write to Chip Brian at cbrian@tradethetrend.com
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