Australian Stock Report > Share Tips > Market Sectors News > Financial Stocks > Share to buy – Magellan Financial (MFG)
Share to buy – Magellan Financial (MFG)
Posted on February 22, 2016
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.