Looking pretty strong here:
Overseas, Harley Davidson and FOX stock just broke out to new highs on high volume from intermediate bases. Both are actually worth a buy too, IMO:
PROS:
* Growing revenues in pretty much every sector of the business
* Good lead from large overseas stocks in the same sector
* Depreciating USD likely to proffer tailwinds for MTO
* Zero bank debt
* Growing EBITDA
* Favourable macro outlook for OZ (high employment, asset price inflation)
CONS:
* Demand may get too hot and have supply issues going forward
PLAYBOOK:
* Buy some now and buy more on a breakout
* Target price: $5+
MTO CHART
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Last
$1.10 |
Change
0.005(0.46%) |
Mkt cap ! $80.81M | |||
| Open | High | Low | Value | Volume |
| $1.10 | $1.11 | $1.09 | $3.398K | 3.078K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4477 | $1.10 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.12 | 1200 | 1 |
View Market Depth
| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| MTO (ASX) Chart |