MPI: Waking Up From Coma?
Metro Pacific Investments Corp. (MPI) made a significant move today as it climbed over the critical Php4.60 level. Despite being a solid and promising company, MPI has disappointed investors because its stock underperformed the market over the past few years. As we can see from the chart, it has just been moving on a sideways motion since 2007. But with its price action today, will we finally see it advance to higher grounds? From the looks of it, Php 5.00 will most likely be hit. After that, the next targets may be Php5.30 then Php6.00. However, if it falls back below Php4.60, we might see it sleep for quite some time again.
