I am always looking at charts prior to investing, and to be honest, I do not see any stocks I like better than MDG right now.
Notice the delightful uptrend line since last August 2010 and the sweet pullback to that uptrend line now.
Notice how the Stochastic indicator and others are in the bottom of the channel, poised for a move higher from this level.
- Fundamentally this is a
STRONG BUY - Technically this is a
STRONG BUY.
Conservatively, this chart has a re-test of .72 easily baked in.
It also looks like it is on way to re-test the old previous highs of appx .85
On a good day with great contract news, you can see how the mean target price of $1.36 + / - is possible!
Once the money starts rolling in, it has to stabilize at higher prices. That is a given imho.
Good luck all - I believe we're finally in for a great ride from these levels.
