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Shares of Healthequity Inc Rise to a New 52-Week High

By James Quinn

Healthequity Inc (NASDAQ:HQY) traded at a new 52-week high today of $81.16. Approximately 77,000 shares have changed hands today, as compared to an average 30-day volume of 553,000 shares.

Healthequity Inc (NASDAQ:HQY) is currently priced 16.5% above its average consensus analyst price target of $67.78. The stock should find initial support at its 50-day moving average (MA) of $70.19 and further support at its 200-day MA of $55.64.

HealthEquity, Inc. provides technology-enabled services platforms that allow consumers to make healthcare saving and spending decisions. Consumers can access their tax-advantaged healthcare savings, compare treatment options and pricing, evaluate and pay healthcare bills, receive personalized benefit and clinical information, and earn wellness incentives.

Over the past year, Healthequity Inc has traded in a range of $40.21 to $81.16 and is now at $81.16, 102% above that low. The 200-day and 50-day moving averages have moved 1.01% higher and 1.64% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Healthequity Inc on February 27th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $55.58. Since that recommendation, shares of Healthequity Inc have risen 43.9%. We continue to monitor HQY for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows healthequity inc

Ticker(s): HQY