Initiating long from $7 on $MDR. Very strong run up at the end of last year, price has consolidated over the last couple of months with a recent pull back to the 6.50 area where we saw a lot of buying pressure on decent volume. This coincides with the 0.5 fib.
RSI & Stoch oversold, decent financials, target $9.
RSI & Stoch oversold, decent financials, target $9.
Comment:
Holding for now, stop is 5.80 just below 200MA.
Comment:
Price dropping due to news on oil. Will hold till 5.80 as I mentioned above.