MED Makes Bullish Cross Above Critical Moving Average

In trading on Thursday, shares of Medifast Inc ( MED) crossed above their 200 day moving average of $25.72, changing hands as high as $25.90 per share. Medifast Inc shares are currently trading up about 0.5% 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 $25.71.

According to the ETF Finder at ETF Channel, MED makes up 1.62% of the S&P SmallCap Consumer Staples Portfolio ETF ( PSCC) which is trading relatively unchanged on the day Thursday.
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