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Gold/Mining/Energy : Canadian-under $3.00 Stock-Picking Challenge

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To: Carter B who wrote (11096)1/25/2003 8:47:57 AM
From: Al Collard  Read Replies (1) of 11802
 
Hi Carter,

Your in with MPH-t @$ .90 for 11,111 shares.

Chart for Medicure Inc:

stockcharts.com[w,a]dacaniay[dc][pc20!b50!f][vc60][iLa12,26,9!Ll14]&pref=G

From the chart of MPH we can see the stock closed at the low of the day on Friday with a lower high and a lower low, a bearish sign. The stock may consolidate at this point or dip to $.74 to test the support of it's 20EMA. A break over $1.13 it's 52 week high would be a clear buy signal. I would wait to see which way this stock is headed before jumping in, as it is now at the crossroads. (Wait)

Good luck with this pick,
Al
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