I like the chart here, $MTN has some nice upside potential, both from a technical and valuation stand point.
As long as prices don't slide below $216, we can expect a 10 week rally from here, reaching prices as high as $295 possibly.
Best of luck,
This may be a little risky but we think it has a good risk reward with strong support below from channel, trend line and 100ma. Sentiment is quite mixed in the name and analysts quite split with upgrades and downgrades of estimates recently but we are bias to upside potential.
AVERAGE ANALYSTS PRICE TARGET $241
AVERAGE ANALYSTS RECOMMENDATION OVERWEIGHT...
On the way down it filled the gap from early June, which took it right to the 200EMA at the time, but then just blew right through it to the downside versus bouncing. Inability to catch a bid at the 258 level indicates notable selling pressure still persists.
I have been watching MTN, and it looks like it is on one the longest rallying in the history of the stock. It may still have room to grow. I would advise buying some call options that are the closest to the price or buying a few amount of call options furthest from the price. To offset the option I would short the position, and continue to hold the short...