WellCare falls after results, guidance, levels to watch The shares are down over 6.6% after the company missed consensus Q4 EPS by 6 cents per share and cut its outlook for FY14 adjusted EPS to a range of $3.75 to $4.05 versus consensus expectations of $5.06. At the current price of $58.05, next support is at $56.82, a prior pivot low. Resistance is at $59.28.
News For WCG From The Last 14 Days
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WellCare downgraded at Wedbush As noted earlier, Wedbush downgraded WellCare to Neutral from Outperform. The firm no longer sees the company as a takeover candidate, and it thinks that the company will need at least 2-3 years to turn itself around. Target to $55 from $70.