Metro Performance Glass Limited (MPG.NZX)

17 October 2018



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.

Finally some potential positive price action for MPG

Do You Want Daily Market Insights?

If you’re interested in staying up-to-date with the latest news and analysis on stocks, be sure to sign up to BlackBull Research.

1 Month Free Trial

Access our expert stock market research Free of charge with no obligation

Free 1 Month Free Trial

Unlock this article & access our expert stock market research

ASX, NZX & USD Stock Buy, Hold, Sell recommendations. Model Portfolios. Daily news and more

[pmpro_checkout]