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Magellan Health Breaks Above 200-Day Moving Average - Bullish for MGLN

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Shutterstock photo

Shutterstock photo

In trading on Monday, shares of Magellan Health Inc. (Symbol: MGLN) crossed above their 200 day moving average of $58.89, changing hands as high as $64.05 per share. Magellan Health Inc. shares are currently trading up about 5.2% on the day. The chart below shows the one year performance of MGLN shares, versus its 200 day moving average:

Magellan Health Inc. 200 Day Moving Average Chart

Looking at the chart above, MGLN's low point in its 52 week range is $45.40 per share, with $73.00 as the 52 week high point - that compares with a last trade of $61.50.

According to the ETF Finder at ETF Channel, MGLN makes up 2.40% of the SPDR S&P Health Care Services ETF (Symbol: XHS) which is trading lower by about 0.7% on the day Monday.

Click here to find out which 9 other stocks recently crossed above their 200 day moving average »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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