Medicines (MDCO) Is One Of Today's Top Losers
Posted: Friday, March 19, 2010 2:28 PM EDT
By: Market Intelligence Center Staff
Medicines (MDCO) leads the list of top losers so far today and is now at $8.18, down $1.12 (-12.04%) on volume of 4,757,295 shares traded. Over the last 52 weeks the stock has ranged from a low of $6.15 to a high of $12.12. Medicines stock has been showing support around $8.69 and resistance in the $10.21 range. Technical indicators for the stock are bearish and S&P does not currently have a STARS rating for MDCO. If you are looking for a hedged play on MDCO the stock seems like it could be a candidate for an April out-of-the-money bear-call credit spread above the 10 range. [ABR-Seven Summits Strategic Investments NewsBite]
CLICK HERE: FREE Medicines (MDCO) Stock ReportSee what our analysts have uncovered about Medicines (MDCO).