Buyers waiting patiently for the action to heat up

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

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.

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