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Everywhere Content Lifts MEDL Mobile Holdings (MEDL) as Viewer Flock to Hang w/

David Becker
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The demand for everywhere content continues to soar, boosting MEDL Mobile Holdings. The concept of TV everywhere, that is live and streaming, is experiencing soaring demand, generating increasing interest for this leading edge App developer.

MEDL Mobile Holdings, Inc., (MEDL), develops mobile application software for start-ups and multinational corporations in many sectors including retailing, fast food, air travel, medical devices, higher education, and fashion industries. The company distributes packages for sale in the Apple App store and the Google Android marketplace.

Mobile development application demand is soaring, which is great news for MEDL. According to a recent survey published by OutSystems and conducted by an independent research firm, mobile development backlogs are increasing. Eighty-five percent have a backlog of between 1 and 20 mobile applications, and half report the backlog to be in the range of 10 and 20 apps.

MEDL surged on Tuesday, notching up a 14% gain as Hang W announced that Google Lunar X PRIZE Competitor, Team Synergy Moon, will use the live-streaming video social media platform to bring viewers along on their journey to soft-land a planetary rover on the Moon.

The Hang w/ app connects people via live-streaming video and chat, allowing people and groups to enjoy a simultaneous experience. Anyone with an iPhone, iPad or Android device can broadcast live to millions of viewers around the globe. In October, Hang w/ was awarded the Best Mobile Platform Innovation by the 2014 Digiday Sammy / Mobi Awards. Hang w/ was incubated by MEDL and the company is the majority shareholder of Hang With, Inc.

The technical outlook for the stock price is very attractive. The stock seems oversold, and is poised to move higher. After testing 52-week lows in early November, the price started to rebound, given the recent focus on streaming video. Support on the stock is seen near the recent lows, while target resistance is seen near the 50-week moving average near $0.21.

Momentum is beginning to accelerate as reflected by the increase in the relative strength index (RSI), from oversold territory to the current levels near 36. The RSI is a momentum oscillator that measures overbought and oversold levels. Additionally, the commodity channel index (CCI) which generates an index that confirms overbought and oversold levels, is printing a reading of -116, which is below the oversold trigger level of minus 100 and could foreshadow a sharp rebound in the stock price.

At the time of writing this article the author holds no positions in this stock

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