MAB: heavy volume finally pushes price to new highsMitchells & Butlers plcLSE_DLY:MABStockso_SimpleMitchells & Butlers is showing very strong price momentum. These moves often pass me by, unless there’s some unusual volume. On Wednesday, Budget day, volume jumped as expected. The price teetered on the edge of resistance and refused to go higher, yet shares kept changing hands. Quite possibly the sellers being taken out. Thursday and Friday kept the heavy volume going. This time, though, the price broke into a new high. The Budget froze business rates for hospitality in real terms for two years. That should help their outlook and stability. They’ll still have to contend with rising wage costs. Maybe investors are have already priced this?