Medifast Inc (MED) Breaking Down From All Angles

Break it down however you want to - the result will still be the same.

Medifast Inc. (MED) owners already know today's been rough, between Cramer's encouragement to buy Weight Watchers (WTW) instead, and the Motley Fool's recommendation to take profits on the cyclical stock. For investors who were counting on the pullback to be a temporary condition though, they should know to much technical damage may have been done as well.

Medifast Inc. is now under the support line that had been guiding it higher since June. While a slight bullish pushback is likely later this week, this pounding has more likely set a nasty, longer-term downtrend into motion.