• Return to Headlines

Bullish Moving Average Cross by Benefitfocus Inc (BNFT)

By David Diaz

Today, shares of Benefitfocus Inc (NASDAQ:BNFT) have crossed bullishly above their 10-day moving average of $25.64 on a volume of 125K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Benefitfocus Inc share prices have moved between a 52-week high of $60.66 and a 52-week low of $24.54 and are now trading 7% above that low price at $26.19 per share. The 200-day and 50-day moving averages have moved 0.57% lower and 2.34% lower over the past week, respectively.

SmarTrend recommended that its subscribers protect gains by selling shares of Benefitfocus Inc on March 1st, 2019 by issuing a Downtrend alert when the shares were trading at $46.54. Since that call, shares of Benefitfocus Inc have fallen 46.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses benefitfocus inc

Ticker(s): BNFT