Breakout Alert 5: $MAC (Update 2017-11-08)

On July 24, 2017, $MAC broke out from its 52-week high backed by huge volume—second highest of this year. Buy above the 0.236 line (9.47/share), which is my exit price.

Pro(s):

• Trending up since February of 2017.
• Started a share buy-back program which means the company believes that their company is undervalued, or there is a bright future for the company.
• Gross revenue, net income, and net profit margin grew by 52%, 175%, and 81% respectively, for the first quarter of 2017.
• There are obviously more above-average green volume than above-average red volume—a great sign of accumulation.

 Con(s):

•  A whopping -13% risk from peak to exit price.

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Update (November 08, 2017):

 Exit price now at 20.97/share.

CAVEAT EMPTOR