Insurance Technology Industry News

TMCNet:  Downtrend Call Working As OraSure Technologies Stock Falls 22.3% (OSUR)

[January 15, 2013]

Downtrend Call Working As OraSure Technologies Stock Falls 22.3% (OSUR)

Jan 15, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for OraSure Technologies (NASDAQ:OSUR) on October 19th, 2012 at $9.30. In approximately 3 months, OraSure Technologies has returned 22.26% as of today's recent price of $7.23.

OraSure Technologies share prices have moved between a 52-week high of $14.01 and a 52-week low of $6.29 and are now trading 14% above that low price at $7.17 per share. The 200-day and 50-day moving averages have moved 0.55% lower and 1.39% lower over the past week, respectively.

OraSure Technologies, Inc. develops, manufactures, and markets medical devices and diagnostic products. The Company supplies oral fluid collection devices and assays to the life insurance industry and public health markets for the detection of antibodies to HIV. OraSure also supplies oral fluid testing solutions for drugs-of-abuse testing.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of OraSure Technologies.

Log in and add OraSure Technologies (OSUR) 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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