Phase Forward Inc. (PFWD) Close To Testing Its Trailing 52 Week Low

Phase Forward Inc. (NASDAQ: PFWD), which provides software and services mostly for healthcare, was the biggest decliner on the Nasdaq by early afternoon trading, as it shed close to 26.3% to $10.93. Phase Forward Inc. (PFWD) reacted strongly in the session after it came out with a dismal performance for the last quarter.

Phase Forward Inc. (PFWD), which started the session with a major gap- down movement, has seen strong volumes by Friday afternoon, as the stock has already breached below its previous two support levels of $12.75 and $12.30. Phase Forward Inc. (PFWD) could now test its trailing 52 week low of $9.90.