Medifast is a really strong company fundamentally and it is following the elliot wave pattern perfectly, just completing stage C. We might expect a long term upward trend from this stock. The best time to enter is when we see a cross in the mansfield indicator.
Hello my dear subscribers
Finally I am back with new investing candidates.
Today we will talk about Medifast Inc.
It is personal services company, which made own product OPTAVIA for peoples, which want change their lifestyle and habbits on healthy and strong.
Levels for entry are here:
From 1-year profile we have 2 levels.
First level is at 188.42 to 197 USD....
Fundamentally, this company meets most of the criteria for multiple baggers. Yes, it already is, in fact, a 100 bagger. But given the long term and current growth rates, it still has huge potential. P/E is much lower than the CAGR of earnings per share. It's a bargain at the current price.
The quarter results, that came in yesterday: revenue growth 52% YoY. EPS...
A Bullish Trend Line Cross
Medifast has just completed a bullish upward move across a resistance trend line. I've purchased a July 16 call option and also bought some shares. I'm hoping it will move up as decisively as it recently moved down, hitting $290 by early July.
For confirmation, look for a candle close above the trend line today. If price closes the...
$MED surprises with Earnings report.
Unlike tech and growth stocks, it breaks out 12%+ to $252.
Low volume options but low float.
Potential entry on the next Fibonacci level ($242) towards ATH.
Happy Trading, from CJ -- aka the greatest FURU.
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MED Broke out today from previous high on Jan 22, 2020. Up days have higher volume. Short Interest: 31.62%. This one could see a short squeeze.
Long @120.35
$MED is now extremely oversold with an RSI just above 20. After missing earnings last Friday, what's notable is that traders did buy the dip and we got a green candle on the day. We believe this is a sign that $MED is now too cheap to ignore. $MED is now trading at just 12x earnings and a PEG of 0.62.
Medifast (NYSE:MED) closed down 27% on the heels of its Q3...
I'm watching and find it sitting right at resistance. It does report earning in 3 days and one I'll be watching. A break over the 112.50 is the next bullish task. I also like how the long term downtrend is showing signs of a reversal.
MED is bearish impulse move and based on my wave appears to be headed lower. I have a Wave 5 target of minimally 87 but could reach 85 in the next month
Medifast, Inc. engages in the provision of healthy living products and programs. It offers the OPTAVIA brand-a competitive and effective lifestyle solution centered on developing new healthy habits through smaller, foundational changes called micro-habits. The company was founded by William Vitale in 1981 and is headquartered in Baltimore, MD.
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