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Time to jump aboard Metro?

Michael Taylor explains why the chart set-up of the struggling lender points to a potentially profitable trade
Time to jump aboard Metro?

In 2010, Metro Bank (MTRO) became the first high street bank to be granted a license by the old Financial Services Authority (currently Financial Conduct Authority) in over 150 years. Its first branch opened just over a decade ago in Holborn and six years later it joined the stock exchange.

It was valued at £1.6bn on listing and from there the share price almost doubled, closing above 4,000p for a few days.

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