[isatrader]

MDGN came up on last nights scan in the Daily Breakouts and Breakdowns in the US Market thread in the elite section of the forum.

The breakout was on 10 times the average daily volume and relative performance is improving, but it is still below the zero line currently. And hence it's an early Stage 2A breakout with some near term resistance above around the 6 to 7 area, and needs to close the week strongly above the 4.82 breakout level to confirm the move into Stage 2A imo, as there's also the 200 day MA at 5.10 currently.

Although it's not an A+ setup, it does have some of the technical attributes that we look for (see the first post for more info: http://stageanalysis.net/forum/showthrea...d=57#pid57), so I thought it was worth highlighting on the watchlist, even though it's quite an early one.