

Technical Summary: MPG has been a disappointing stock for long term holders as it has moved from around $2 on its IPO to lows of $0.70 earlier this year. The stock is currently trading around $0.85. In recent months the price action is starting to look a little more constructive with the stock initially rallying off its lows before becoming overextended. The stock recently put in a higher low and has moved above its 50 day moving average. It will be interesting to see if the stock can form a pivot point and potentially set up for a breakout.