When Medifast Inc ($MED) Moves Investors should Listen
December 18, 2023, 02:10 am ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for MED
- Buy MED slightly over 68.13 target 77.91 stop loss @ 67.93 Details
The technical summary data tells us to buy MED near 68.13 with an upside target of 77.91. This data also tells us to set a stop loss @ 67.93 to protect against excessive loss in case the stock begins to move against the trade. 68.13 is the first level of support below 68.27 , and by rule, any test of support is a buy signal. In this case, support 68.13 is being tested, a buy signal would exist.
- Short MED slightly under 77.91, target 68.13, stop loss @ 78.14 Details
The technical summary data is suggesting a short of MED as it gets near 77.91 with a downside target of 68.13. We should have a stop loss in place at 78.14though. 77.91 is the first level of resistance above 68.27, and by rule, any test of resistance is a short signal. In this case, if resistance 77.91 is being tested, a short signal would exist.
Swing Trading Plans for MED
- Buy MED slightly over 75.77, target 77.91, Stop Loss @ 75.55 Details
If 75.77 begins to break higher, the technical summary data tells us to buy MED just slightly over 75.77, with an upside target of 77.91. The data also tells us to set a stop loss @ 75.55 in case the stock turns against the trade. 75.77 is the first level of resistance above 68.27, and by rule, any break above resistance is a buy signal. In this case, 75.77, 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 75.77, target 68.13, Stop Loss @ 75.99. Details
The technical summary data is suggesting a short of MED if it tests 75.77 with a downside target of 68.13. We should have a stop loss in place at 75.99 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, 75.77, 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 70.31, target 75.77, Stop Loss @ 70.15 Details
If 70.31 begins to break higher, the technical summary data tells us to buy MED just slightly over 70.31, with an upside target of 75.77. The data also tells us to set a stop loss @ 70.15 in case the stock turns against the trade. 70.31 is the first level of resistance above 68.27, and by rule, any break above resistance is a buy signal. In this case, 70.31, 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 70.31, target 68.13, Stop Loss @ 70.47. Details
The technical summary data is suggesting a short of MED if it tests 70.31 with a downside target of 68.13. We should have a stop loss in place at 70.47 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, 70.31, 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 December 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Strong |
Weak |
| P1 |
0 |
0 |
59.45 |
| P2 |
63.55 |
67.87 |
68.13 |
| P3 |
70.31 |
75.77 |
77.91 |
AI Generated Signals for MED
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Medifast Inc (NYSE: MED) report below is a real world example. Included are trading plans for MED, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for MED:
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