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Medifast Inc Shares Down 27.3% Since SmarTrend's Sell Call (MED)

By Amy Schwartz

SmarTrend identified a Downtrend for Medifast Inc (NYSE:MED) on May 13th, 2019 at $137.90. In approximately 3 months, Medifast Inc has returned 27.28% as of today's recent price of $100.29.

Over the past year, Medifast Inc has traded in a range of $96.40 to $260.98 and is now at $100.29, 4% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 1.3%.

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