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Mindbody Inc-A: The Winning Streak Continues (MB)

By Amy Schwartz

Shares of Mindbody Inc-A (NASDAQ:MB) traded today at $41.55, breaking its 52-week high. So far today approximately 167,000 shares have been exchanged, as compared to an average 30-day volume of 135,000 shares.

MINDBODY, Inc. provides business management software. The Company develops a cloud-based business management software and payments platform for the wellness services industry. MINDBODY serves customers worldwide.

In the past 52 weeks, Mindbody Inc-A share prices have been bracketed by a low of $13.75 and a high of $41.55 and are now at $41.50, 202% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has risen 0.2%.

Mindbody Inc-A (NASDAQ:MB) defies analysts with a current price ($41.50) 2.9% above its average consensus price target of $40.30. The stock should discover initial support at its 200-day moving average (MA) of $14.06 and subsequent support at its 50-day MA of $13.44.

SmarTrend recommended that subscribers consider buying shares of Mindbody Inc-A on February 22nd, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $35.42. Since that recommendation, shares of Mindbody Inc-A have risen 12.8%. We continue to monitor MB for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows mindbody inc-a

Ticker(s): MB