When the Price of (MED) Talks, People Listen
April 23, 2024, 01:46 am ET, BY Jeff W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MED
- Buy MED slightly over 30.48 target 40.25 stop loss @ 30.39 Details
The technical summary data tells us to buy MED near 30.48 with an upside target of 40.25. This data also tells us to set a stop loss @ 30.39 to protect against excessive loss in case the stock begins to move against the trade. 30.48 is the first level of support below 32.6 , and by rule, any test of support is a buy signal. In this case, support 30.48 would be being tested, so a buy signal would exist.
- Short MED slightly under 40.25, target 30.48, stop loss @ 40.37 Details
The technical summary data is suggesting a short of MED as it gets near 40.25 with a downside target of 30.48. We should have a stop loss in place at 40.37though. 40.25 is the first level of resistance above 32.6, and by rule, any test of resistance is a short signal. In this case, if resistance 40.25 is being tested, so a short signal would exist.
Swing Trading Plans for MED
- Buy MED slightly over 32.85, target 40.25, Stop Loss @ 32.76 Details
If 32.85 begins to break higher, the technical summary data tells us to buy MED just slightly over 32.85, with an upside target of 40.25. The data also tells us to set a stop loss @ 32.76 in case the stock turns against the trade. 32.85 is the first level of resistance above 32.6, and by rule, any break above resistance is a buy signal. In this case, 32.85, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short MED slightly near 32.85, target 30.9, Stop Loss @ 32.94. Details
The technical summary data is suggesting a short of MED if it tests 32.85 with a downside target of 30.9. We should have a stop loss in place at 32.94 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 32.85, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for MED
- Buy MED slightly over 32.85, target 33.09, Stop Loss @ 32.77 Details
If 32.85 begins to break higher, the technical summary data tells us to buy MED just slightly over 32.85, with an upside target of 33.09. The data also tells us to set a stop loss @ 32.77 in case the stock turns against the trade. 32.85 is the first level of resistance above 32.6, and by rule, any break above resistance is a buy signal. In this case, 32.85, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short MED slightly near 32.85, target 32.12, Stop Loss @ 32.93. Details
The technical summary data is suggesting a short of MED if it tests 32.85 with a downside target of 32.12. We should have a stop loss in place at 32.93 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 32.85, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Medifast Inc (MED) available here: MED.
MED Ratings for April 23:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Weak |
| P1 |
0 |
0 |
30.48 |
| P2 |
32.12 |
30.9 |
40.25 |
| P3 |
33.09 |
32.85 |
50.94 |
AI Generated Signals for MED
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Medifast Inc (NYSE: MED) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for MED can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MED:
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