Decided to get into MPG today. I like that it has been trading with some stability in a decent range. I got at 1.37 near the end of the day. I guess I could've had a better price at the EOD, but I'm not worried about it. I've learned to expect the EOD volatility across the market.. both upside and downside. Very neurotic.
Here's my MPG trading plan:
MPG has been respecting its 20dMA reasonably well, aside from when there was a minor ascending triangle before earnings. In fact, today MPG closed 1 cent above the 20dMA. Expecting a bounce tomorrow off that MA (assuming nothing weighs on the full market.) Significant downside breach of 20dMA on closing price and I'll get out.
Otherwise... expecting good action if we can break out above 1.40, since this stock has had time to consolidate after its earnings-season volatility. When it does breach 1.40 and holds above it decently, I'll add to my position. This thing had wonderful support around 1.90 to 2.00, and I think once it gets to that area, it'll trade in a range, at which point I'll probably take some off the table and reevaluate the position.
News 
Market Data 
Discover 
AI
