MDOR - BREAKOUT IN PROGRESS: MDOR Chart BELOW - This has been an awesome month as the price has risen from the mid $.30s to a high of $1.79 closing Friday May 1st at $1.21. Today's green candlestick indicates that a bullish reversal pattern is forming. The stock has dropped below the upper Bollinger band, consolidating much in the same way as the previous consolidation. Volume remains high. Meaningful news should push the price higher next week. Cohen Independent Research Group initiated an independent “BUY” rating with a $2.67 price target on April 26, 2009. So there is a lot of room for growth in the near future. I’ll provide background on MDOR in follow up posts.
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