Two weeks ago on May 2nd, 2013 athenahealth (NASDAQ:ATHN) reported earnings and analysts, on average, expected earnings of $0.23 on sales of $121.3 million. The company actually reported EPS of $0.38 on sales of $125.6 million, beating EPS estimates by $0.15 and beating revenue estimates by $4.3 million. Shares of athenahealth have slipped from $95.15 to $86.73, representing a loss of 8.8%, since the company reported earnings 16 days ago.
athenahealth Inc. provides Internet-based business services for physician practices. The Company's services include a revenue cycle management service that automates and manages billing-related functions for physician practices and includes a practice management platform.
Over the past year, athenahealth has traded in a range of $56.33 to $99.79 and closed Thursday at $86.73, 54% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.2% while the 50-day MA has declined 1.2%.
athenahealth (NASDAQ:ATHN) has potential upside of 6.4% based on a current price of $86.73 and analysts' consensus price target of $92.25. The stock should find resistance at its 50-day moving average (MA) of $92.94, as well as support at its 200-day MA of $84.61.