The Medicines Company (MDCO) “On a long-term technical basis, the stock (MDCO) is trading above its 200-day moving average which implies it is in a positive trend.

The stock has support at 58.53 and 55.25. If the stock breaks down through support at 58.53 then it will probably continue lower to 55.25. The stock will meet resistance at 84.13 and 98.69. If the stock breaks up through resistance at 84.13 then it will probably continue higher to 98.69. The 200-day moving average is at 38.66. This will also act as support. The stock is extremely overbought according to the Stochastic Indicator (84.16).”