Things looking positive for McBride
Independent analyst Alistair Strang's software correctly forecast the possibility this stock could double in value. Now it has, what next?
20th May 2025 07:32
by Alistair Strang from Trends and Targets
Successful manufacturer of “own brand” products for supermarkets, McBride (LSE:MCB) reached and exceeded our prior target levels from a year ago. For a while, we suspected things may be about to go horribly wrong, despite the price moving from the 75p level to our absurd sounding 150p.
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We don’t often promote “double your money” scenario and, for a while, it felt like the 150p level shall be a big deal. Some hesitation has certainly established itself, not a surprise with such a strong target.
The share price reversed to the trend break level of 132p, even closing slightly below it at 130p. We’re not convinced this will prove to be a real catastrophe, the market double-bottoming the share price as if underlining “this was an error”. So, since achieving our 150p level, the price has been all over the place but we’re inclined toward future optimism.
Now above 160p should prove important, calculating as capable of pushing movement to an initial 176p with our secondary, if beaten, coming in at 191p. In fact, overall it feels like a distant 250p could be exerting an influence. We’re fairly confident about our 191p target but less so about a future 250p, an ambition which would match the share price high of 2010.
In summary, we suspect this shall prove worth watching again, but this time we’ve no hope of the price once again doubling.
Source: Trends and Targets. Past performance is not a guide to future performance.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
Alistair Strang is a freelance contributor and not a direct employee of Interactive Investor. All correspondence is with Alistair Strang, who for these purposes is deemed a third-party supplier. Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Alistair Strang or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.
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