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
Buy Bird on a Wire: The Inside Story from a Straight Talking CEO & more @ Fishpond.co.nz
c Share Investor 2010
No comments:
Post a Comment
Comment on Share Investor Stuff