Insurance Technology Industry News

TMCNet:  Medifast Up 51.3% Since SmarTrend Uptrend Call (MED)

[November 08, 2012]

Medifast Up 51.3% Since SmarTrend Uptrend Call (MED)

Nov 08, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Medifast (NYSE:MED) on June 19th, 2012 at $19.47. In approximately 5 months, Medifast has returned 51.26% as of today's recent price of $29.45.

In the past 52 weeks, shares of Medifast have traded between a low of $12.97 and a high of $29.96 and are now at $29.45, which is 127% above that low price. The 200-day and 50-day moving averages have moved 0.74% higher and 0.4% lower over the past week, respectively.

Medifast, Inc. combines physician-supervised weight loss programs with nutritional supplements and multidisciplinary patient education programs. The Company provides an Internet-based physician and medical practitioner network to consumers. Medifast also provides a corporate wellness program for large corporations, associations, and their health insurance carriers.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Medifast shares.Log in and add Medifast (MED) 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:

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