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MEDIFAST INC (MED) - Buy, Sell or Hold?

Sector: Consumer Non-Durables   Sub-Sector: Packaged Foods
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 17 Nov 2017Bullish EngulfingDojiTue, 24 Oct 20176.62%
***Stock database and scans are updated around midnight (New York time) every trading day.
67.03 0.00 (0%) Nov 17 4:00pm EDT
Open: 64.86 Range: 64.86 - 67.40 Vol: 375.61K Avg Vol: 114.96K
EPS: 1.99 P/E ratio: 31.36 EBITDA: 40.01M Mkt Cap: 744.43M
Analyze "MED" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Up
Last Trade is above the 5 day moving average at 66.72
Medium Term: Trend is Up
Last Trade is above the 20 day moving average at 64.44
Last Trade is above the 50 day moving average at 61.31
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 48.98
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of MED

Stock Trend Analysis - Buy, Sell or Hold "MEDIFAST INC" (MED)?

MED is in a very strong uptrend. In the last 52 weeks, MED has been trading above the 200 day moving average for 90% of the time with an average daily volume of 115K shares being traded. In the medium term, the 50 day moving average, currently at 61.31 for MED is also very bullish, indicating good swing trading opportunities for longs. This bullish stance is further reinforced by MED's ability to stay over the 20 day moving average for more than 85% of the time in the last 2 months of trading. There is however a possibility of profit taking setting in and it may be prudent to lighten up on strength and re-enter during a retracement. Good places to re-enter MED are at the 50 and 200 SMAs currently at 61.31 and 48.98 respectively. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "MED".

The analyst consensus estimates for the 1 year price target for this stock is $64.50* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Nov 2017
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