New Watchlist Addition: $MDP


Running through my two (2) screens this morning, I happened upon a very interesting looking volume void prospect: Meredith Corporation (MDP).

After all, everyone knows, nothing says growth and momentum like periodical publishers!  Nevertheless, this stock has nice fundamentals (via The PPT)  a beeeeutiful looking low volume region directly ahead:

I am currently monitoring the stock for a break of 38.10.  This price also coincides with the previous attempts to enter the void since 2010, as identified by the orange arrows.



One Response to “New Watchlist Addition: $MDP”

  1. nice looking short also if it fails to BTFO. HnS pattern w/ upward sloping neckline and overhead resistance. Just put some red Stiletto heels and fishnets on her and fun times!

Comments are closed.
Previous Posts by elizamae