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Stock Investors Bid Up Shares of WellCare Health Plans, Up 1.4%

Published on Fri, 02/15/2013 - 13:25
By Robert Cotter

WellCare Health Plans (NYSE:WCG) is a company whose shares are active, trading 1.4% higher to $60.95. The Dow Jones Industrial Average is now trading fractionally lower to 13,968 and the S&P is trading fractionally lower to 1,520.

WellCare Health Plans share prices have moved between a 52-week high of $74.41 and a 52-week low of $44.75 and are now trading 36% above that low price at $60.95 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.4% while the 200-day MA has slid 0.3%.

WellCare Health Plans has overhead space with shares priced $60.95, or 3.8% below the average consensus analyst price target of $63.38. The stock should find initial support at its 200-day moving average (MA) of $54.33 and further support at its 50-day MA of $49.62.

WellCare Health Plans Inc provides managed care services targeted exclusively to government-sponsored healthcare programs. The Company operates health plans in multiple states.

By Robert Cotter
rcotter@fnno.com