MDT macquarie ddr trust

Not all stocks follow the moving average as well as MDT. This is...

  1. 230 Posts.
    Not all stocks follow the moving average as well as MDT. This is the 20 day SMA. As you can from the first circle, a break above the line and it ran nice, then bounced off at circle two. On the third one, it broke and went down and then the line became resistance at four and five. 6 caused a 40% gain and 7 broken caused a fall. We are now at 8.

    Its unlikely to go back to high 8's or low 9's since the big seller is out and most were absorbed by orbis so I say a target of 14c is very possible

 
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