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Potential Buy Entry Alert to Watch MVP
Time Frame : Daily
Sector : Pharmaceuticals, Biotech and Life Sciences
Key Stats : $343.96 Million Market Cap, VWAP 5.204, ASX Ranking 420, 4 Week Av Turnover $258,305, Current Turnover (Intraday as at time of alert) $14,374.
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 : Not covered by a major broker
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MVP – Medical Developments International Limted
MVP has spent some time rebuilding a solid base after the move lower off the highs around 8.00. The current action sees buyers holding higher levels above 5.00 so we are now watching for a higher low to build on increased volume for an opportunity to jump on board for a run to new highs. The companies flagship product, Penthrox, continues to gain global traction as a non-opioid pain relief alternative.
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Stock Code : MVP – Medical Developments International Limted
Company Website : www.medicaldev.com
Current Price : 5.21
Status : On watch for potential higher low and push up through 5.75
