Share to buy – Magellan Financial (MFG)


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MFG’s recent numbers speak for themselves:

  • 41% increase in profit
  • 38% increase in dividend
  • exceptional net inflows and a reduction in employee expense to income

Technically, after a sharp pullback the stock found support around $20 and has bounced strongly.

The recent bullish candle was a confirmation candle and a signal that traders should be happy to buy into.