Higher Beta Healthcare Name Breaking Out Near Highs
Evolent Health (EVH) shares showing relative strength closed the week above the 8 and 21 EMA’s while many stocks got whacked Friday. EVH recently made new 52-week highs and has pulled into its monthly value area support where it bounced and now looks poised to spring higher off the 8 EMA and move towards 40. A close below 35 would likely be a prudent stop.