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Downtrend Call Working As athenahealth Stock Falls 10.6% (ATHN)

By Nick Russo

SmarTrend identified a Downtrend for athenahealth (NASDAQ:ATHN) on March 10th, 2014 at $182.22. In approximately 2 weeks, athenahealth has returned 10.58% as of today's recent price of $162.94.

In the past 52 weeks, athenahealth share prices have been bracketed by a low of $82.01 and a high of $206.70 and are now at $162.94, 99% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.9% while the 50-day MA has advanced 1.1%.

athenahealth Inc. provides Internet-based business services for physician practices. The Company's services include a revenue cycle management service that automates and manages billing-related functions for physician practices and includes a practice management platform.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of athenahealth.

Log in and add athenahealth (ATHN) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights Athenahealth

Ticker(s): ATHN