MRX Stage 2 Advance Nears 52-Week High, Bullish Setup Intact

Posted on by Eben@CANSLIM Research
MRX daily stock chart with 10, 20, 50, 150 and 200-day moving averages, volume and RS line versus SPY — CANSLIM Research

MRX is trading at $71.06, firmly in a Stage 2 uptrend with price holding above a rising 30-week moving average. The stock sits just 1.8% below its 52-week high, having surged 154.5% above its low, while passing 7 of 8 trend-template checks. The market is focused on the lack of a proper base, as the current one-day pattern is too shallow and short to offer a conventional buy point, yet the overall sentiment remains bullish with an offensive setup in place.

As of 2026-08-14 · Close $71.06

Stage 2 (Advancing) — Price holding above a rising 30-week MA — uptrend intact (30-week MA 6-week slope: 9.0%)

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