MINDBODY (MB) Shares are Up 5.98%

MINDBODY (MB) : Traders are bullish on MINDBODY (MB) as it has outperformed the S&P 500 by a wide margin of 9.69% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.81%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 5.98% in the last 1 week, and is up 9.1% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 10.63% and the 50-Day Moving Average is 11.48%.The 200 Day SMA reached 33.56%


MINDBODY (NASDAQ:MB): The stock opened in the green at $19.97 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $19.99 and a low of $18.98 for the day. The stock did not find buyers even at the lows and closed at $19.66 recording a loss of -1.31%. 704,873 shares exchanged hands during the trading day. The stock had closed at $19.66 in the previous days trading.

MINDBODY (MB) : The consensus price target for MINDBODY (MB) is $22.08 for the short term with a standard deviation of $1.91. The most optimist securities analyst among the 6 who monitor the stock believes that the stock can reach $25, however, the pessimist price target for the company is $20.

MINDBODY, Inc. is a company that operates an online wellness services marketplace with over 42,000 local business subscribers. Through its integrated cloud-based business management software and payments platform, the Company enables businesses to manage class and appointment schedules, staff members, client information, online bookings, inventory, payroll and retail sales. The Company also offers marketing and client retention capabilities to help businesses acquire and retain their clients, and analytics capabilities to help them improve their businesses and plan for the future. It connects consumers with local businesses through its MINDBODY Connect platform, which powers a mobile interface that allows consumers to discover, evaluate, book and pay for wellness services, whether they are near their homes or traveling. Its Connect Workplace offering extends its platform to corporate employers. Its applications and add-ons include MINDBODY Express and Engage by MINDBODY Connect.

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