$MGI Breaks Out After Finding Support At $2

17 בינו׳ 2020

MGI is back climbing the charts after finding strong support at the $2 level. With the stock down from 52-week highs above $6, there's a lot of room for MGI to run. About 8% of the float is short.

In recent news:

MoneyGram International reported a 2% Y/Y increase in number of transactions in December, driven by strong performance from both its global consumer direct digital business and its international walk-in business.

The company also says that MGI customers sent the largest number of international transactions ever in the month of December.

As always, trade with caution and use protective stops.

Good luck to all!