Medifast (MED) NewsBite - MED Is On the Move

Posted: Monday, November 23, 2009 11:20 AM EDT

Medifast (MED) appears to be on the move today and is now at $27.78, up $1.09 (4.08%) on volume of 263,346 shares traded. Over the last 52 weeks the stock has ranged from a low of $3.35 to a high of $28.67. Medifast stock has been showing support around $25.78 and resistance in the $27.52 range. Technical indicators for the stock are bullish and S&P does not currently have a STARS rating for MED. If you are looking for a hedged play on MED the stock seems like it could be a candidate for a March out-of-the-money bull-put credit spread below the 22.50 range. [ABR-Seven Summits Strategic Investments NewsBite]

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