user warning: Table './fnndrupaldev/term_node' is marked as crashed and last (automatic?) repair failed query: SELECT t.* FROM term_node r INNER JOIN term_data t ON r.tid = t.tid INNER JOIN vocabulary v ON t.vid = v.vid WHERE r.vid = 454593 ORDER BY v.weight, t.weight, t.name in /var/www/www.fnno.com/htdocs/modules/taxonomy/taxonomy.module on line 617.

Watch for Shares of WellPoint (WLP) to Approach Resistance at $63.09

Published on Thu, 03/07/2013 - 10:46
By Robert Cotter

Shares of WellPoint (NYSE:WLP) have bullishly opened above the pivot of $62.28 today and have reached the first resistance level of $62.81. Analysts will be watching for a cross of the next upside pivot targets of $63.09 and $63.90.

WellPoint Inc. is a health benefits company. The Company provides health benefits, dental and vision benefits, pharmacy benefits, life insurance, and life and disability insurance benefits. WellPoint operations include Blue Cross and Blue Shield plans.

In the past 52 weeks, shares of WellPoint have traded between a low of $52.52 and a high of $74.73 and are now at $62.69, which is 19% above that low price. The 200-day and 50-day moving averages have moved 0.08% lower and 0.15% higher over the past week, respectively.

Potential upside of 10.9% exists for WellPoint, based on a current level of $62.69 and analysts' average consensus price target of $69.50. The stock should hit resistance at its 50-day moving average (MA) of $62.92, as well as support at its 200-day MA of $61.28.

By Robert Cotter
rcotter@fnno.com

Latest News from FNNO

Recent 52-Week Low Surpassed in Shares o...

Walter Energy (NYSE:WLT) traded today at a new 52-week low of $2.68. Approximately 6.7 ...

Shares of WellPoint Have Risen Above Pre...

WellPoint (NYSE:WLP) traded at a new 52-week high today of $124.48. This new high was ...

Walter Investment Management Looks to Co...

Shares of Walter Investment Management (AMEX:WAC) traded today at $22.95, breaking its ...

Shares of Volcano Fall Below Previous 52...

Volcano (NASDAQ:VOLC) traded today at a new 52-week low of $11.09. This new low was re ...

Shares of Meridian Bioscience Fall to a ...

Meridian Bioscience (NASDAQ:VIVO) traded at a new 52-week low today of $17.90. So far ...

Vale: The Losing Streak Continues (VALE)...

Vale (NASDAQ:VALE) traded today at a new 52-week low of $11.35. So far today approxima ...

United Therapeutics: The Winning Streak ...

United Therapeutics (NASDAQ:UTHR) traded today at a new 52-week high of $132.78. So fa ...

Tupperware Brands: New 52-Week Low Set T...

Shares of Tupperware Brands (NYSE:TUP) traded today at $71.85, breaking its 52-week low ...