athenahealth Downward Momentum Looks to Continue (ATHN)
SmarTrend identified a Downtrend for athenahealth (NASDAQ: ATHN) on February 26, 2010 at $37.75. In approximately 1 week, athenahealth has returned 4.7% as of today's recent price of $35.98.
athenahealth is currently below its 50-day moving average of $42.68 and below its 200-day moving average of $39.19. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of athenahealth.
Write to Chip Brian at cbrian@tradethetrend.com
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