Look for Shares of MedAssets to Potentially Pullback after Yesterday's 19.61% Rise
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[February 14, 2012]

Look for Shares of MedAssets to Potentially Pullback after Yesterday's 19.61% Rise

Feb 14, 2012 (SmarTrend(R) News Watch via COMTEX) -- MedAssets (NASDAQ:MDAS) traded in a range yesterday that spanned from a low of $13.20 to a high of $14.55. Yesterday, the shares gained 19.6%, which took the trading range above the 3-day high of $12.48 on volume of 5.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.


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

Over the past year, MedAssets has traded in a range of $8.52 to $21.44 and is now at $14.09, 65% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.5%.


Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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