Trading opportunity with Magellan Financial (MFG)
As a funds management business with a global focus, Magellan Financial has seen its share price ride the wave up with global markets. Having traded under $2 in 2012, the latest bull run saw the share price spike to over $27 at the end of 2015. Weaker markets at the start of the year had an impact on funds under management and this resulted in the share price taking the lift back down to $20. However, now price action starts to get interesting and it looks as though it will try to head higher again. Read the full article here to see why - (VIEW LINK)
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Michael Gable is managing director of Fairmont Equities. We are a small boutique advisory that uniquely combines both fundamental and technical analysis. As a result, our analysis is featured regularly in the finance media such as the Australian...
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