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Strata Skin Sciences, Inc. Message Board

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  • samhasson Mar 1, 2012 9:25 PM Flag

    what kind of pattern is this?

    Android, couple of things. I have an online subscription to the WSJ, and there was an overweight given Mela by the Stephens group 11/16/11. But the link was not available, even when I Googled it with specific ID data.

    However, Reuters (which is available at Fidelity) gave it a high price target of $20 within the next year. And it has a strong buy rating as well. Given that it wasn't reported in the WSJ doesn't mean this report is trivial.

    However, what I did find in the Journal was a measure called the Stock Money Flow, a Uptick/Downtick Trade ratio; it was 1.76 on a scale from 0 to 2 for Mela. This money flow measure gives us a snapshot of relative buying and selling pressure on a stock. And a ratio above 1 suggests greater buying pressure.

    I'm glad I was prompted to look for that link. Sam

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