NEW BULLISH Plays
Medidata Solutions - MDSO - close: 40.36 change: +1.04
Stop Loss: 38.95
Current Gain/Loss: unopened
Entry on September xx at $ xx.xx
Listed on September 27, 2011
Time Frame: 6 to 8 weeks
Average Daily Volume = 147 thousand
New Positions: Yes, see below
Why We Like It:
MDSO is a healthcare information and services company. The stock has been an impressive performer this year with a series of new record highs. Yesterday MDSO produced a one-day bearish reversal pattern but there was no follow through today. I want to see some follow through on today's bounce before we initiate positions.
I am suggesting a trigger to open small bullish positions at $40.75. We'll use a stop loss at $38.90. Our multi-week target is $44.75.
Trigger @ 40.75
Suggested Position: buy MDSO stock @ (trigger)