Insurance Technology Industry News

TMCNet:  Coventry Health Care Shares Up 24.1% Since SmarTrend's Buy Recommendation (CVH)

[November 08, 2012]

Coventry Health Care Shares Up 24.1% Since SmarTrend's Buy Recommendation (CVH)

Nov 08, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Coventry Health Care (NYSE:CVH) on August 17th, 2012 at $34.74. In approximately 3 months, Coventry Health Care has returned 24.05% as of today's recent price of $43.09.

In the past 52 weeks, shares of Coventry Health Care have traded between a low of $27.72 and a high of $44.26 and are now at $43.09, which is 55% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.6% while the 50-day MA has advanced 0.3%.

Coventry Health Care, Inc. is a managed health care company operating health plans and insurance companies under a variety of names. The Company provides health maintenance organization, preferred provider organization, point of service, Medicare and Medicaid, and Network Rental to members in markets throughout the Midwest, Mid-Atlantic, and Southeast United States.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Coventry Health Care shares.Log in and add Coventry Health Care (CVH) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

[ Back To Insurance Technology's Homepage ]