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Shorting MDCO

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Shorting MDCO

MDCO will be added as an Active Short Trade here as it backtests this recently broken Ascending Broadening Top Pattern.  From a longer-term perspective, MDCO has fallen back below the recent breakout to multi-year highs, a bearish technical even.  Targets listed on daily chart, suggested stop over 34.70. Daily & weekly charts:

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2013-06-13T10:03:28+00:00Jun 13, 2013 10:03am|Categories: Completed Trades - Short|Tags: |Comments Off on Shorting MDCO