Monday, April 26, 2010

Chart of the Week: Mainfreight Ltd




The aim of this series of charts is to show the divergence - up or down - of the selected individual stock price away from the NZX 50 Index. The chart is a 1 year look to give some relevant background to any recent (two to three months) share price movements.

Mainfreight Ltd [MFT.NZ] has had a poor last year share price wise and 2010 result wise.

Over the last two months though the stock has risen from around $5.75 to close at $6.61 at close of market last Friday. The NZX by comparison has been almost flat.

If you were a chartist you would say this stock has been over bought and is ready for a correction.

Just on fundamentals alone the company is a growth stock and it aint growing at present -that could all change of course.

The time for buying this stock was of course at lower prices, as I did last year at $4.20 but it looks like the market sees this company in recovery. If you dont and want to buy MFT the chart says you should wait for a pull back.


Disclosure: I own MFT shares in the Share Investor Portfolio.


Chart of the Week Series

Restaurant Brands Ltd


Mainfreight @ Share Investor

Long Term View: Mainfreight Ltd
Share Investor Interview: Mainfreight's MD Don Braid
Stock of the Week: Mainfreight Ltd
Questions to Mainfreight's MD Don Braid
I'm Buying: Mainfreight Management delivers the goods
Mainfreight Annual Report Packs a Punch
Analysis - Mainfreight Ltd: FY Profit to 31/03/09
Mainfreight VS KiwiRail: The Sequel
Long VS Short: Mainfreight Ltd
Why did you buy that stock? [Mainfreight Ltd]
Mainfreight 2008 Annual report worth reading
KiwiRail will cost Mainfreight
Mainfreight keeps on truckin
A rare breed
Share Investor's 2008 stock picks

Discuss MFT @ Share Investor Forum

Download Mainfreight Company Reports


From Fishpond.co.nz

Bird on a Wire: The Inside Story from a Straight Talking CEO

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c Share Investor 2010