Zak Mir: Wait for this trigger before buying into Mediclinic (MDC:L): ProactiveInvestors Stocktube

ProactiveInvestors Stocktube

Published on 2 Mar 2017

If you’re thinking about buying into Mediclinic International PLC (LON:MDC), Zak Mir’s advice is to wait until the 50-day moving average has been broken.

“The share price chart of recent months reflects the uncertainties and mixed sentiment there,” explains Mir in the latest Proactive Investors Bulletin Board segment.

“At this stage one would probably be looking for a break back above the 50-day moving average at £7.83 as a sign that the shares have finally bottomed out.”