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SmarTrend Watching for Potential Rebound in Shares of Benefitfocus Inc After 3.82% Loss

By Shiri Gupta

Benefitfocus Inc (NASDAQ:BNFT) traded in a range yesterday that spanned from a low of $21.52 to a high of $21.89. Yesterday, the shares fell 3.8%, which took the trading range below the 3-day low of $21.76 on volume of 83,000 shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

SmarTrend is tracking the current trend status for Benefitfocus Inc and will alert subscribers who have BNFT in their portfolio or watchlist when shares have changed trend direction.

Over the past year, Benefitfocus Inchas traded in a range of $21.52 to $60.66 and are now at $21.64. Over the past week, the 200-day moving average (MA) has gone down 1.5% while the 50-day MA has declined 0.7%.

Keywords: rebounders benefitfocus inc

Ticker(s): BNFT