eHealth Shares Sinking Lower, Down 1.8%

Published on Mon, 02/25/2013 - 13:31
By Mallory Stone in Market movers, EHTH, ehealth, market movers, nasdaq:ehth

eHealth (NASDAQ:EHTH) is one of today's notable stocks in decline, down 1.8% to $16.50. The S&P is currently trading fractionally lower to 1,513 and the Dow Jones Industrial Average is trading fractionally lower to 13,984.

eHealth has overhead space with shares priced $16.50, or 35.9% below the average consensus analyst price target of $25.75. The stock should find initial resistance at its 200-day moving average (MA) of $20.30 and further resistance at its 50-day MA of $24.70.

eHealth, Inc. sells health insurance over the Internet. The Company serves individuals, families, and small businesses.

eHealth share prices have moved between a 52-week high of $28.17 and a 52-week low of $11.60 and are now trading 42% above that low price at $16.50 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 2.9%.

By Mallory Stone
mstone@fnno.com

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