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Medifast Inc Has Returned 28.2% Since SmarTrend Recommendation (MED)

By Nick Russo

SmarTrend identified a Downtrend for Medifast Inc (NYSE:MED) on September 19th, 2018 at $215.65. In approximately 2 months, Medifast Inc has returned 28.20% as of today's recent price of $154.84.

In the past 52 weeks, shares of Medifast Inc have traded between a low of $60.69 and a high of $260.98 and are now at $154.84, which is 155% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.5% while the 200-day MA has risen 1.5%.

Medifast, Inc. combines physician-supervised weight loss programs with nutritional supplements and multidisciplinary patient education programs. The Company provides an Internet-based physician and medical practitioner network to consumers. Medifast also provides a corporate wellness program for large corporations, associations, and their health insurance carriers.

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

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

Keywords: spotlights medifast inc

Ticker(s): MED