MDM update

MDM has been taking some nice volume since breaking out of the descending broadening wedge pattern that i posted on feb 6th (click here to view post/notes on trade).  since the distance to my primary target posted on the original chart is quite large (38% from breakout), i have added several sub-targets here for more active traders that like to trade around targets or any swing traders that may want to take partial profits along the way.  these levels can also be used a levels to ratchet up your stops once the stock has clear those potential resistance areas, particularly if we get a reaction on or around those levels as that would further validate them.  original chart and today's below.

2012-05-10T16:44:05+00:00 Feb 28, 2012 5:00pm|Categories: Completed Trades - Long|Tags: |Comments Off on MDM update