MDT Testing Critical Support

As seen in the above monthly chart MDT (FusionIQ Master Score 26 out of 100) shares are on the verge of a big collapse if they close below $ 35.00 as this would be a major breach of support (red line) after breaking its long-term uptrend (green dashed line).  Now there may be an attempt to hold or bounce it from support but any sustained time below $ 35.00 opens prices to $25.00 (black line) then ultimately a longer term target of $ 14.00 (blue line).

 

 


Comments
Leave a comment
Name
Email Address
URL
Remember personal info?
Comments
Blog Home
RSS Feed
Categories
Barron's
Breakouts/Breakdowns
ChartWatch
Company in the News
Earnings
Equity Timing Signals (Buy/Sell)
Index Study
Market Data
Media
New Highs
Sector Group Rankings
Short Squeeze Screen
Stock Analysis
Total Stocks Rankings
Archives
October 2008
August 2008
July 2008
June 2008
May 2008
April 2008
March 2008
February 2008
January 2008
December 2007