Remember when people thought I'd lost my mind when I said that MBT would most likely continue to hit another 52-week high? Remember that stupid tender offer that I said wasn't a good deal? Well, MBT just hit another 52-week high today. https://s3-us-west-2.amazonaws.com/maven-user-photos/seanhyman/technical-analysis/IOSU6hIfr0e_ddd3b0bprg/i50gpQKHcEabXXpFht_3wQ
One major resistance zone has been blown through on the weekly chart. Now it will likely head to the next resistance zone, over time.
Click on the charts to enlarge them.
I sold today because it was over 20%. Actually, it was slightly over 40% overall and turns out to be ~13% average return per year that I owned it.
Awesome! That's a well above average annual return. Glad to hear that.
That is great. I am not up on this stock pick yet. So am patiently wiating for that next resistance zone whilst I am collecting the dividend which is in the region of 10%.