Shares of Coventry Health Care (NYSE:CVH) traded today at $49.12, breaking its 52-week high. Approximately 471,000 shares have changed hands today, as compared to an average 30-day volume of 1.1 million shares.
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.
Over the past year, Coventry Health Care has traded in a range of $27.72 to $49.12 and is now at $48.94, 77% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has advanced 0.3%.
Coventry Health Care (NYSE:CVH) is currently priced 8.7% above its average consensus analyst price target of $44.67. The stock should find initial support at its 50-day moving average (MA) of $46.53 and further support at its 200-day MA of $41.82.