MEDX Stock Summary and Trading Ideas (Horizon Kinetics Medical ETF | NASDAQ:MEDX)

Horizon Kinetics Medical ETF is an actively-managed exchange-traded fund ("ETF") that pursues its investment objective of investing, under normal circumstances, at least 80% of its net assets plus any borrowings for investment purposes in common stocks, convertible securities, warrants and other equity securities having the characteristics of common stocks (such as American Depositary Receipts ("ADRs"), Global Depositary Receipts ("GDRs") and International Depositary Receipts "IDRs")) of U.S. and foreign companies engaged in medical research, pharmaceutical and medical technology industries and related technology industries, generally, with an emphasis toward companies engaged in cancer research and drug development, such as pharmaceutical development companies, surgical and medical instrument manufacturers and developers, pharmaceutical manufacturers, and biotech and medical research companies. These companies derive at least 50% of their revenue from such activities. The Fund also may invest in other ETFs and purchase and write options for hedging purposes and/or direct investment.

Horizon Kinetics Medical ETF trades on the NASDAQ stock market under the symbol MEDX.

As of April 18, 2024, MEDX stock price was flat at $27.49 with 128 million shares trading.

MEDX has a market cap of $16.35 million. This is considered a Sub-Micro Cap stock.

MEDX has underperformed the market in the last year with a price return of -7.3% while the SPY ETF gained +22.3%. MEDX has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -2.7% and -5.3%, respectively, while the SPY returned +6.1% and -3.8%, respectively.

MEDX support price is $27.21 and resistance is $27.77 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MEDX stock will trade within this expected range on the day.