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Downgrade Alert for MAXIMUS (MMS)

By David Diaz

MAXIMUS (NYSE:MMS) was downgraded from Outperform to Market Perform at Raymond James today. The stock closed yesterday at $45.25 on volume of 2.5 million shares, above average daily volume of 412,000.

MAXIMUS has overhead space with shares priced $45.25, or 34.7% below the average consensus analyst price target of $69.33. The stock should find initial resistance at its 50-day moving average (MA) of $51.32 and further resistance at its 200-day MA of $56.99.

In the past 52 weeks, shares of MAXIMUS have traded between a low of $45.15 and a high of $70.00 and closed yesterday at $45.25, which is 0% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.7%.

MAXIMUS, Inc. provides program management and consulting services to state and local governments throughout the United States. The Company's services are designed to make government operations more efficient and cost effective while improving the quality of the services provided to program beneficiaries.

SmarTrend is tracking the current trend status for MAXIMUS and will alert subscribers who have MMS in their portfolio or watchlist when shares have changed trend direction.

Keywords: analyst upgrades/downgrades maximus

Ticker(s): MMS