MEDX HOLDINGS INC COM (OTCMKTS:MEDH) Ready to Rally

MEDX HOLDINGS INC COM (OTCMKTS:MEDH) Ready to Rally

MEDX HOLDINGS INC COM (OTCMKTS:MEDH) Ready to Rally

MEDX HOLDINGS IN closed unchanged at 0.150. Volume was 19% above average (neutral) and Bollinger Bands were 80% narrower than normal.

Open High Low Close Volume___
0.165 0.165 0.140 0.150 17,900

Technical Outlook
Short Term: Oversold
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 0.22 0.38 0.48
Volatility: 328 787 857
Volume: 55,646 26,107 7,280

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

MEDX HOLDINGS IN is currently 68.7% below its 200-period moving average and is in an downward trend turning Bullish. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize at a higher level in the near term. Our volume indicators reflect volume flowing into and out of MEDH.PK at a relatively equal pace (neutral). Our trend forecasting oscillators are currently Bullish on MEDH.PK and have had this outlook for the last 25 periods.

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 11.3314. This is an oversold reading.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -186.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a buy 3 period(s) ago.

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Shayne Heffernan Funds Manager at HEFFX holds a Ph.D. in Economics and brings with him over 25 years of trading experience in Asia and hands on experience in Venture Capital, he has been involved in several start ups that have seen market capitalization over $500m and 1 that reach a peak market cap of $15b. He has managed and overseen start ups in Mining, Shipping, Technology and Financial Services.

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