Medifast, (MED)

H

hughb

This one made it onto my radar in the week ending 8/3/2012 when it made a new high with an increase in volume. It also reminded me of Nutrisystem, which I made a nice little chunk of change with back in 2005. Hopefully MED will offer a repeat for me now. I bought MED yesterday at 28.50.
 
MED also made my watchlist on the late July volume/price surge. But I've held off entering, hoping for a deeper pullback but that may or may not happen. Good luck with it. If it trades sideways a couple more weeks or so I could see an entry on a volume breakout. I see possible strong resistance at 29-31 from late 2010 congestion.
 
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