Insurance Technology Industry News

TMCNet:  Medifast Shares Up 57.1% Since SmarTrend's Buy Recommendation (MED)

[December 14, 2012]

Medifast Shares Up 57.1% Since SmarTrend's Buy Recommendation (MED)

Dec 14, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Medifast (NYSE:MED) on June 19th, 2012 at $19.47. In approximately 6 months, Medifast has returned 57.11% as of today's recent price of $30.59.

Medifast share prices have moved between a 52-week high of $32.64 and a 52-week low of $13.70 and are now trading 123% above that low price at $30.59 per share. Over the past week, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has declined 0.4%.

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

[ Back To Insurance Technology Homepage's Homepage ]

FREE Insurance Technology enewslettter.

Events

Weekly Live Demo
Contact Center Solutions

Register Today!