MD - 2 big insider buys from director at $21 with over 400% buy with $10million. Possible long if it breaks 27.03, Stop signal 25.32. Momentum play with first target at 29.83.
It's not every day you see a stock get this oversold on its weekly chart. Mednax, Inc. has lost about 50% of its value over the past year due to some earnings and revenue misses and year-over-year declines. After this drop, Mednax has a very attractive P/E of 8.66. Its forward P/E of 6.84 indicates that its earnings are expected to grow. S&P Capital IQ rates the...
Fromt the ATH at at $86 to the buy zone $22.3 we have about 75% retracement, there is a falling wedge formation with bullish divergence on all the indicators, we don't want it below $18 or it will drop to $12.4 but is very ver unlikely.
Still at all-time highs?
What's keeping it afloat are Vanguard and State Street and BANK OF NEW YORK MELLON CORP.
And I'm not putting much faith in any of them.
MD was trending really well until early 2014 when there was a prolonged correction/pullback. Since then it has outperformed the S&P by some distance.
Price took it's time to comfortably clear the $64 zone, finally doing so on 29th January 2015 with an extremely large, bullish bar and higher volume. More recently, Friday's bar closed above the $70 round number...
MD Mednax is significantly strong fundamentally hitting all of our metrics. This is a nice breakout pattern; now waiting on a decent pullback that delivers a great reward to risk ratio. that is technically bullish.
This stock is a buy if it breaks out past the $00.0 level.
Hope it helps,
Des
