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Castlight Heal-B: New 52-Week Low Set Today (CSLT)

By Amy Schwartz

Shares of Castlight Heal-B (NYSE:CSLT) traded today at $2.36, breaking its 52-week low. This new low was reached on below average trading volume as 81,000 shares traded hands, while the average 30-day volume is approximately 743,000 shares.

Castlight Heal-B has overhead space with shares priced $2.36, or 56.6% below the average consensus analyst price target of $5.44. The stock should run into initial resistance at its 50-day moving average (MA) of $2.88 and subsequent resistance at its 200-day MA of $3.62.

Castlight Health, Inc. provides a set of applications and services that enables employers to deliver cost-effective benefits, medical professionals, and health plans. The Company offers dashboards, reports, and analytics to pinpoint opportunities that eliminate wasteful healthcare spending and poor-quality outcomes.

In the past 52 weeks, shares of Castlight Heal-B have traded between the current low of $2.36 and a high of $5.95 and are now at $2.36. Over the past week, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 4.2%.

SmarTrend is tracking the current trend status for Castlight Heal-B and will alert subscribers who have CSLT in their portfolio or watchlist when shares have changed trend direction.

Keywords: 52 week high/lows castlight heal-b

Ticker(s): CSLT