Q: Hi - do you think MDA is coming out of the "penalty box"...and why or why not?
5i Research Answer:
We like the renewed momentum and sharp bounceback from MDA, and while we think a pause here may be warranted, from a technical perspective, there is a 'gap' above between $39 and $43 that could get filled. We think if its upcoming earnings can beat expectations and guidance is lifted, that it could see continued bullish momentum.