3 Stocks at Trendline Support (MDVN, BFIN, DENN)
Submitted by Stockmaster2 on Tue, 10/16/2012 - 18:09
The stocks in question are Medivation (MDVN), BankFinancial (BFIN), and Denny's (DENN).
A trend line is a bounding line for the price movement of a stock. A support trend line is formed when a securities price decreases and then rebounds at a pivot point that aligns with at least two previous support pivot points.
Check out these beautiful charts:
Over the past 12 months Medivation Inc (MDVN) shares have traded between $7.97 and its 52-week high of $58.83. Medivation new prostate cancer drug Xtandi just received early approval by the FDA. The analysts believe Xtandi will become the market leader for treating prostate cancer.
BankFinancial Corp (BFIN) shares have traded between $5.25 and its 52-week high of $9.24 over the past 12 months.
Denny's Corp (DENN) shares have traded between $3.10 and $5.24 over the past 52 weeks. Denny's Corp shares are now trading with a P/E Ratio of 4.4 and EPS of 1.13.
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