On Wednesdays, I usually write about stocks hitting 52-week lows or 52-week highs. However, while searching for an interesting stock to discuss, I noticed Medifast (MED) had hit its 20th 5-year low in afternoon trading.
I’ve never owned MED stock but know its peaks-and-valleys trading pattern. When things are good, its shares go sky high, and when they’re bad, as they are now, there’s no valley low enough.
