AthenaHealth (ATHN) Is Today's Dead Cat Bounce Stock

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer.

Trade-Ideas LLC identified AthenaHealth ( ATHN) as a "dead cat bounce" (down big yesterday but up big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified AthenaHealth as such a stock due to the following factors:

  • ATHN has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $88.5 million.
  • ATHN has traded 546,270 shares today.
  • ATHN is up 3% today.
  • ATHN was down 7.4% yesterday.

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More details on ATHN:

athenahealth, Inc., together with its subsidiaries, operates as a business services company that provides ongoing billing, clinical-related, and other related services to medical group practices and health systems in the United States. Currently there are 13 analysts that rate AthenaHealth a buy, 1 analyst rates it a sell, and 9 rate it a hold.

The average volume for AthenaHealth has been 474,700 shares per day over the past 30 days. AthenaHealth has a market cap of $4.7 billion and is part of the technology sector and computer software & services industry. The stock has a beta of 1.89 and a short float of 40.8% with 14.14 days to cover. Shares are down 22% year-to-date as of the close of trading on Friday.

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