Simple Trading MTX As of 22 May 2015 Close

MTX W As of 22 May 2015 Close

Current Trend (W): UP

Abv/Below Value Zone: Inside

Next Scheduled Report Date: 5 August 2015

52 Week High: $77.95

52 Week Low: $56.37

Current Relevant Resistance: $62.00

Current Relevant Support: $69.70

Recent Close: $67.60

Comment: MTX is a barely above Small Cap (at $2.4 Billion) stock that looks geared for a move higher.  It’s struggling to make a directional decision at the current price level (horizontal line).  Multiple additional support levels are noted by the numbers 1-3.

I suspect price will bounce and take off through the downtrend line which will, incidentally, present a good entry signal.

Have fun.


The Trader


This content is restricted to site members. If you are an existing user, please log in. New users may register below.

Existing Users Log In
New User Registration
*Required field