Technical Summary: Considering MQC is a large banking insitution the long term stock performance has been quite impressive. The stock has ground its way to higher highs in a slow burning up trend. Allbeit this trend has slowed in recent times. Despite this there is an upward bias to the chart and the stock is currently above its 50-day moving average. Mean reversion traders may look at the one year chart and argue that the stock is trading above its mean for the year. Although that could be a long shot. There is nothing to do here for trend followers unless you were looking to buy and hold over a longer term trend. Ideally we would like to see the stock form a flat base before proceeding to further upside.
