Morning Thread

Gator's Chart of the Day: MFB

I confess I am not familiar with the product line so this analysis will be limited to a quick look at the fundamentals and then a discussion of the chart.

Retail has done well as a quick glance at the XRT will attest.  MFB has not participated in the move.  It has been basing since the last earnings report which was disappointing.  The 20% drop resulted in a trailing P/E under 11 and a forward P/E under 10 while the PEG ratio is .84.  Analysts have a price target of 24.50.  (All figures from Finviz)

Turning to the chart we see the stock has moved up for 5 days in a row, albeit on light volume.  It is now pushing the upper Bollinger Band and today closed above it and is peeking into a significant gap.  If volume improves and price reaches 19.50 it could move quickly to begin filling that gap.

Earnings are coming so be sure to check for a date before you enter a trade. (I did and found conflicting information.  The company website was silent.)