MED Stock Medifast (MED, $18.69) entered Downtrend as Momentum indicator drops below 0 level on Jul 05, 2024

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07/06/24

MED - Medifast

Momentum signal

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Odds of DOWN Trend

Price: $18.69

Daily change: -$1.08 (-5.46%)

Daily volume: 389.1K

Capitalization: $204.4M

Industry: Other Consumer Services

This indicator may be signaling that MED's price has further to drop, since it fell below its price logged 14 days ago. Traders may consider selling the stock, shorting the stock, or exploring put options. A.I.dvisor backtested 93 similar cases where MED's Momentum Indicator fell below the 0 level, and of them led to a successful outcome. Odds of Success:

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