MGE into new highs as buyers are on the move so time to lock in more gains

Current Active Alert Management

 

MGE – Magellan Global Equities Fund

MGE is continuing higher into new highs so buyers are on the move. We are happy now to raise the risk level on the remaining alert to lock in further gains. Now all we can do is sit back and watch the action play out.

 

Stock Code : MGE – Magellan Global Equities Fund

Company Website : www.magellangroup.com.au

Current Price : 3.01

Previous Buy Entry (Trigger Level) : 2.80

New Remaining Sell Exit Zone (Stop Loss) : 2.95

Previous 50% Partial Exit Zone (Target) : 2.94

Status : On watch for continuation higher

 

 

Previous Alert 13/10/17

MGE – Magellan Global Equities Fund

MGE has been grinding higher since the entry and is holding up nicely. We are now happy to look for a partial exit up at resistance at 2.94 and also tighten up the risk level to 2.78 just to minimize any potential loss. Watching the action unfold from here.

 

Stock Code : MGE – Magellan Global Equities Fund

Company Website : www.magellangroup.com.au

Current Price : 2.86

Previous Buy Entry (Trigger Level) : 2.80

New Sell Exit Zone (Stop Loss) : 2.78

Potential 50% Partial Exit Zone (Target) : 2.94

Status : On watch for continuation

 

 

ORIGINAL ALERT 22/9/17

MGE – Magellan Global Equities Fund

MGE is building for a move higher as buyers look to take control. The Exchange Traded Fund (ETF) aims to achieve attractive risk-adjusted returns over the medium to long term. We are happy to buy through 2.80 to take advantage longer term continuation to new highs. If price pushes below 2.70 prior to entry then we will re-assess the alert.

Stock Code : MGE – Magellan Global Equities Fund

Company Website : www.magellangroup.com.au

Current Price : 2.78

New Buy Entry (Trigger Level) : 2.80

Potential Sell Exit Zone (Stop Loss) : 2.70

Status : On watch for buy entry trigger