MiMedx Group Inc (MDXG) Trial fail! good dip for a comeback?
MARKET TIME = NASDAQ: $MDXG = another stock with a huge drop and also part of the healthcare industry. One reason why so many healthcare will fail is from a FDA or Trial fail. Whatever it was today, this drop huge to let the short win easy on the option trade. This the season where many stocks will drop like this back to back due to bad news and less volume. I will keep this in radar but won't hope for any good news yet.I would easy load slowly slot by slot.
From Friday to Monday opening, huge drop! but after-hour it has life. I believe this good to swing it right about now. The price where it was on Friday, will take time to build again due to the fail and volume from the sellers. Bearish and Bullish are at war right now but after-hour show some type of life due to bad news. Anything is possible right about now !
By looking at the market-cap and also the 1 year target, I will hold and keep in radar here due to many healthcare issue right now with America. 52- week high = 15.99 with a huge drop where it is now. 5,092 is the number being follow on stock-twits.
LAST SIGNAL:: SHORT
LEVEL:: SWING (RADAR)
About MiMedx Group, Inc.
"is an industry leader in advanced wound care and a therapeutic biologics company, driven to differentiate and address other areas of unmet need."
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