Evening Thread

Uncle Ben has spoken. Did you hear what he said? He does not want your cash in the mattress.

Eurozone? What Eurozone?

Afternoon Thread

We are fast approaching the resistance of the old highs and a look back shows the two trading ranges that each lasted about a quarter..... Is this the Jan-March range?

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.)