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Downtrend Call Working As Benefitfocus Inc Stock Falls 7.9% (BNFT)

By Nick Russo

SmarTrend identified a Downtrend for Benefitfocus Inc (NASDAQ:BNFT) on September 30th, 2019 at $23.73. In approximately 2 months, Benefitfocus Inc has returned 7.86% as of today's recent price of $21.86.

In the past 52 weeks, shares of Benefitfocus Inc have traded between a low of $21.60 and a high of $60.66 and are now at $21.86, which is 1% above that low price. The 200-day and 50-day moving averages have moved 1.51% lower and 0.67% lower over the past week, respectively.

Benefitfocus, Inc. is a provider of cloud-based benefits software solutions for consumers, employers, insurance carriers, and brokers. The Company's platform provides an integrated suite of solutions that enables customers to more efficiently shop, enroll, manage, and exchange benefits information.

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

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

Keywords: spotlights benefitfocus inc

Ticker(s): BNFT