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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 (20min delay)
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Last
$1.67 |
Change
0.015(0.91%) |
Mkt cap ! $122.5M | |||
| Open | High | Low | Value | Volume |
| $1.66 | $1.69 | $1.64 | $164.9K | 99.04K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1100 | $1.66 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.67 | 10110 | 2 |
View Market Depth
| Last trade - 15.34pm 09/09/2024 (20 minute delay) ? |
| MTO (ASX) Chart |