Medifast Breaks Below 200-Day Moving Average - Notable For MED

In trading on Friday, shares of Medifast Inc (MED) crossed below their 200 day moving average of $26.66, changing hands as low as $26.59 per share. Medifast Inc shares are currently trading off about 1.9% on the day. The chart below shows the one year performance of MED shares, versus its 200 day moving average:

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Medifast Inc 200 Day Moving Average Chart

Looking at the chart above, MED's low point in its 52 week range is $21.75 per share, with $33.29 as the 52 week high point — that compares with a last trade of $26.83.

According to the ETF Finder at ETF Channel, MED makes up 1.73% of the S&P SmallCap Consumer Staples Portfolio ETF ( PSCC) which is trading up by about 0.4% on the day Friday.

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