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Upgrade Alert for WebMD Health (WBMD)

By James Quinn

WebMD Health (NASDAQ:WBMD) was upgraded from Neutral to Buy at SunTrust today. The stock closed yesterday at $63.29 on volume of 863,000 shares, below average daily volume of 873,000.

In the past 52 weeks, WebMD Health share prices have been bracketed by a low of $37.57 and a high of $64.02 and closed yesterday at $63.29, 68% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.7% while the 50-day MA has advanced 1.2%.

Based on a current price of $63.29, WebMD Health is currently 15.8% above its average consensus analyst price target of $53.29. The stock should find initial support at its 50-day moving average (MA) of $59.96 and further support at its 200-day MA of $48.77.

WebMD Health Corp. provides health information services to consumers, physicians, healthcare professionals, employers, and health plans. The Company provides its services through its public and private online portals and health-focused publications.

SmarTrend recommended that subscribers consider buying shares of WebMD Health on February 19th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $52.76. Since that recommendation, shares of WebMD Health have risen 18.9%. We continue to monitor WBMD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: analyst upgrades/downgrades webmd health

Ticker(s): WBMD