Technical Summary: The long term (5 year) chart of MQG is up as the stock has consistently found its way to all time highs in a consistent trend. The stock has been playable on a trend following and mean reversion basis. The stock when overextended from its trend has mean reverted its way back to the trend. Likewise when the stock has become oversold it has mean reverted back to the trend. A sensible approach could be to buy when the stock pulls back and then shows strength off the 50 day moving average. Another way to play would be to wait for a consolidation in price and buy on the text book base breakout, these approaches do require some patience however and we have highlighted
some past opportunities on the chart. The stock itself sits slightly overextended at the current juncture and was hit with selling after a gap up in the last trading session.