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Shares of athenahealth Are Down on Strong Volume (ATHN)

By Amy Schwartz

athenahealth's stock is up 19.3% to $126.81 on heavy trading volume. About 785,000 shares have been traded today, as compared to the 30-day average volume of 409,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend is monitoring the recent change of momentum in athenahealth. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of athenahealth in search of a potential trend change.

In the past 52 weeks, athenahealth share prices have been bracketed by a low of $90.11 and a high of $170.42 and are now at $126.81, 41% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.2%.

Keywords: unusual volume Athenahealth

Ticker(s): ATHN