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Medivation, Inc. (MDVN) Message Board

  • bominireal123 bominireal123 Jan 11, 2013 12:43 PM Flag

    Avg.Consensus $67.85....Where's all the buyers???

    Today, shares of Medivation (NASDAQ:MDVN) have fallen below their 10-day MA of $52.67 on a volume of 447K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.Potential upside of 29.5% exists for Medivation, based on a current level of $52.38 and analysts' average consensus price target of $67.85. Medivation shares should encounter resistance at the 200-day moving average (MA) of $75.70 and support at the 50-day MA of $51.15.

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MDVN
88.51-0.93(-1.04%)9:35 AMEDT

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