Stock in Focus: Metrobank (MBT)

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Top financial firm Metropolitan Bank and Trust Company (stock symbol: MBT) had experienced another downside attack in early January, but buyers scooped it up as price approached the 70 area. Since then, price advanced toward 80 before languishing around the 75 area.

Money Flow Index (MFI) is sailing close to the 50 level and could go either way.

This stock is not out of the woods as long as price is below 80. With support around 70 intact (so far), price needs to break through 80, the current  line in the sand. 90-100 is the near-term target.

MBT Daily chart, February 7, 2014

MBT Daily chart, February 7, 2014

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