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|(Date Report Was Created: 16-Jun-2014)|| |
|MEDNAX, Inc. (MD)||Healthcare|
|Last: 58.57  (-0.12 pts, -0.20%)  Open: 58.7  High: 59.04  low: 58.35  ||Specialized Health Services|
- The Stock is in Accumulation Phase. The Accumulation Phase usually occurs when the as the market is firming up. Generally, the Market is showing signs that buyers are entering the market.
- The stock has retraced 9.2% from its recent high price of 64.51 which occurred on 1-Apr-2014. The current price is below the 50 day moving average of 58.6. Sustained move below the average could put the recent uptrend in jeapordy.
- The closest support can be found at 56.95. The closest resistance can be found at 58.66. See Support/Resistance below for details.
How to trade MEDNAX, Inc.(MD)?
- Breakout Trade: The current price is resting around the resistance level of 58.66. If the prices closes above 58.66 then a long entry should be considered.
- Retracement Trade: Consider buy when the price retraces around 56.95 if you are aggressive. Alternatively, a conservative buy would be around 53.92.
- Risk Management: Consider risking somewhere between 1.1385(1.94%) and 1.8975(3.24%) points on your position. Risk management is an important part of trading. Our risk management strategy is based on the average daily range of the stock.
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|Market Phase:? ||Accumulation|| This indicator compares long term trend with short term price action to explain the current phase of the market. According to the indicator, the stock of MEDNAX, Inc. is in the Accumulation Phase. The demand for MD is firming up or is still firm. Generally, this indicates that the market is showing signs that buyers are entering the market.
|Short Term Trend: ||    (+3)
||The short term trend indicator only looks at 10 to 20 day timeframe to determine the current trend. MEDNAX, Inc.(MD) is currently mildly bullish.|
|3 Day Money Flow: ||    (+6)
||The money flowing for last 3 days in MD has been mildly bullish. This indicator summarizes the price and volume activity over last 3 days. It is a very short term indicator.|
|| ||Relative Strength:||    (+7)
|EPS Growth(yoy):||    (+7)
|| ||Fundamental:||    (+8)
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If you are investing in stock, or if you buy stocks, trade stock, or are into stock investing, read this section to improve your stock trading skills.
If you buy stocks, sell stocks, or trade stocks, you may have asked your self the following question:
What does upside and downside breakout mean?
Breakout is price movement of a stock through an identified level of support or resistance. The upside or downside breakouts are traded with the presumption that the move will continue. Traders who keep an eye on the upside or downside breakout, generally, look for increase in the volume( number of shares traded ) for the breakout bar. Higher this volume, bigger and stronger the breakout. The traders will buy the stock when the price breaks above a level of resistance and sell when it breaks below support. The traders may also buy the stock when the price bounces from a support level with higher volume. Similarly, The traders may also sell the stock if the price declines from a resistance level with noticeable increase in volume.
A downside breakout is also referred to as breakdown. This is usually a bearish sign.
askStockGuru tries to identify both breakouts and breakdowns. It also checks for increasing volume.
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