MKTX is an international financial technology company that operates an electronic trading platform for institutional credit markets and offers related services.
Let's check out the charts and indicators.
In this daily bar chart of MKTX, below, we can see that prices have just about doubled in less than 12-months. Prices are above the rising 50-day and 200-day moving averages. The On-Balance-Volume (OV) line is at a new high for the move up to confirm the price gains. The trend-following Moving Average Convergence Divergence (MACD) oscillator is above the zero-line in a bullish pattern.
In this weekly bar chart of MKTX, below, we can see three years of price history. MKTX traded for approximately two years in a sideways consolidation pattern, before breaking out on the topside. Prices are above the rising 40-week moving average line. The weekly OBV line has been in a strong uptrend from September, but we can see weakness in June. The MACD oscillator is in a bullish set-up.
In this Point and Figure chart of MKTX, below, we can see an upside price target of $443 projected.
Bottom line strategy: If you can afford to risk a close below $315, then you can go long MKTX. $400 and $443 are our potential price targets.