Fanning the Flames: Increased Volatility Noted on Shares of Medical Transcription Billing, Corp. (NASDAQ:MTBC)

Recent action on shares of Medical Transcription Billing, Corp. (NASDAQ:MTBC) lands the stock on today’s most volatile list. In the current trading session, the stock has seen a change of 2.02% recently hitting $2.52.

Share prices are capable of moving sharply higher or lower in a very short amount of time. Keeping an eye on the volatile stocks may help spot market abnormalities.

Based on data provided from analysts, Medical Transcription Billing, Corp. has a current consensus target price of 2.25. The current consensus analyst recommendation is sitting at 2.00 on company shares. Investors will likely be tracking any consensus estimate changes heading into the next earnings period.

Moving Averages and ATR

After a recent spot-check, Medical Transcription Billing, Corp. (NASDAQ:MTBC)’s ATR is 0.47. The Average True Range (ATR) is a measure of stock volatility. The Average True Range is an exponential moving average (14-days) of the True Range. The range of a day’s trading is high-low, and True Range expands into yesterday’s close when it lands outside of today’s range.

Taking a closer look into the volatility on shares of Medical Transcription Billing, Corp. (NASDAQ:MTBC), we notice that the stock is -15.49% off of the 20-Day Simple Moving Average. Zooming out to the 50-Day Simple Moving Average, we can see a difference of 5.48% from current stock levels.

Going out even further, the 200-Day Simple Moving Average is recorded 66.02% away from the current share price. Company shares were recently noted -53.68% off of the 50-day high and 90.91% away from the 50-day low. Let’s also take a quick peek at the 52 week highs/lows. At present, the stock is -53.68% separated from the 52 week high and 768.97% from the low.

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