[January 31, 2013] Downgrade Alert for athenahealth (ATHN) Tweet Jan 31, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- athenahealth (NASDAQ:ATHN) was downgraded from Strong Buy to Outperform at Raymond James today. The stock closed yesterday at $87.42 on volume of 299,000 shares, below average daily volume of 474,000. athenahealth (NASDAQ:ATHN) defies analysts with a current price ($87.42) 9.0% above its average consensus price target of $79.56. The stock should find initial support at its 200-day moving average (MA) of $79.39 and further support at its 50-day MA of $75.64. athenahealth Inc. provides Internet-based business services for physician practices. The Company's services include a revenue cycle management service that automates and manages billing-related functions for physician practices and includes a practice management platform. In the past 52 weeks, athenahealth share prices have been bracketed by a low of $56.33 and a high of $97.37 and closed yesterday at $87.42, 55% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.4% while the 200-day MA has risen 0.3%. SmarTrend recommended that subscribers consider buying shares of athenahealth on November 23rd, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $64.60. Since that recommendation, shares of athenahealth have risen 35.3%. We continue to monitor ATHN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- 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 [ Back To TMCnet.com's Homepage ]