Medifast (MED) Shares Cross Below 200 DMA

In trading on Wednesday, shares of Medifast Inc ( MED) crossed below their 200 day moving average of $26.13, changing hands as low as $26.07 per share. Medifast Inc shares are currently trading down about 3% 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 $26.38.

According to the ETF Finder at ETF Channel, MED makes up 1.84% of the S&P SmallCap Consumer Staples Portfolio ETF ( PSCC) which is trading lower by about 0.7% on the day Wednesday.
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