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Shares of MDSO Up 35.6% Since Uptrend Call on Shares

By Shiri Gupta

SmarTrend identified an Uptrend for Medidata Solutions (NASDAQ:MDSO) on February 10th, 2017 at $57.86. In approximately 4 months, Medidata Solutions has returned 35.61% as of today's recent price of $78.46.

Over the past year, Medidata Solutions has traded in a range of $26.72 to $127.77 and is now at $78.46, 194% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 1.5%.

Medidata Solutions, Inc. provides hosted clinical development solutions. The Company's solutions include comprehensive platform that integrates electronic data capture, or EDC, with a clinical data management system, or CDMS, in a single solution that replaces traditional paper-based methods of capturing and managing clinical data.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Medidata Solutions shares.

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

Keywords: spotlights medidata solutions

Ticker(s): MDSO