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 cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- 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 http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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