Based on the technical data for MTB, here is the analysis:
Bullish or Bearish?
MTB is currently showing signs of bullish momentum.
Stock Trading Strategy:
Considering the bullish momentum, a potential stock trading strategy for MTB could be to initiate a long position at the current market price with a target price of $155 and a stop-loss at $148. With the current uptrend, there is a possibility for the stock to reach the target price in the coming days.
Option Trading Strategy:
For options traders, a bullish strategy could be to consider buying a call option with a strike price of $150 and an expiration date around 2-3 weeks from now. This would benefit from the expected upward movement in the stock price within the specified timeframe.
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