MGP, MGM Growth Properties LLC - Potential breakoutNYSE:MGP
After the first breakout on the first rectangle ended in stop loss in May 2019, we are waiting for a new breakout on one of the companies we follow, MGM Growth Properties LLC.
55% of the trades in which we operate end in loss between 10% and 100% of the allocated capital. We are looking for trades that profit between 300% and 500% and even more if possible.
Do you understand why our Profit Factor allows us to increase the value of our portfolio and invest more and more?
Look for clear patterns and systematically manage your stop loss and consequently the risk by letting the profits run.
Good trading at all!
MGP
Great Long Term Play for MGPNYSE:MGP
MGM Growth Properties has great potential to outperform the market. I believe that right now is a good pullback price and based on a DCF Valuation it is trading at a discount currently. $MGP is at a 6.57 Div/Yield rate and climbing. On top of the great dividend, it has shown solid Capital Appreciation and I'm looking for continuing growth. On top of this, MGP has solid intrinsic value in purchasing ground leases.
