Potential Buy Entry Alert to Watch MVP

Time Frame : Daily/Weekly

Sector : Pharmaceuticals, Biotechnology and Life Sciences/Healthcare

Key Stats : $292.35 Million Market Cap, VWAP 4.452, ASX Ranking 444, 4 Week Av Turnover $156,492, Current Turnover (Intraday as at time of alert) $2,312,862.

Company Overview : Medical Developments International Limited (MVP) is an Australia-based healthcare company. MVP offers a range of open and closed circuit anaesthetic machines to the veterinary market, which are known as Komesaroff anaesthetic machines. With an industry leading range of products in the areas of pain management, asthma and resuscitation, plus veterinary equipment. Company has established a network of manufactures and distributors to ensure both quality assurance and supply chain solutions are maintained for servicing and delivering to both the local and international sectors.

Broker Consensus : BUY

MVP – Medical Developments International Limited

MVP recently fell away from highs at the start of the year but continues to sign up distributors and partners for its flagship Penthrox product. We have been following the story for a while and are now on watch for buyers to step in to support price and build for a run to new highs. May continue to be a watch for a while as buyers still have some work to do.

Stock Code : MVP – Medical Developments International Limited

Company Website : www.medicaldev.com

Current Price : 4.48

Status : On watch for buy entry setup