MRX Stage 2 Uptrend Intact, near Highs with No Base yet

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 in a confirmed Stage 2 uptrend, holding above a rising 30-week moving average with a 9% six-week slope. The stock is just 1.8% off its 52-week high and 154.5% above its low, passing 7 of 8 trend-template checks. The market is focused on the lack of a proper base, as the recent pullback is only one week deep, but 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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