Buyers starting to build the platform for a move higher

Potential Buy Entry Alert to Watch MVP

Time Frame : Daily

Sector : Pharmaceuticals/Healthcare

Key Stats : $291.04 Million Market Cap, VWAP 4.529, ASX Ranking 467, 4 Week Av Turnover $318,017, Current Turnover (Intraday as at time of alert) $115,605.

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 is showing some signs of life with a recent push up off the 3.50 support zone. The last few days price has broken up through 4.40 resistance and is set to start a new march higher as the fundamental story continues to grow. We are now watching for a higher low to build as new buyers are dragged in for a move up through 5.00.

Stock Code : MVP – Medical Developments International Limited

Company Website : www.medicaldev.com

Current Price : 4.52

Status : On watch for potential higher low and push up through 5.00