Sunday, May 16, 2010

Technical analysis: MRNJ

*Chart taken from www.stockcharts.com

Alerted @ $0.017 on Apr/26
Link to chart: link
Link to google finance: link
Company website: link





METATRON INC (MRNJ.PK) (OTC:MRNJ) is well over it's 50-day moving average of 0.0134. It's been creating higher highs since the last few weeks and is showing a strong uptrend. MRNJ was first alerted here on April/26 @ 0.017 link, and then on April/30 @ 0.019 link. Since then this stock has not shown any signs of weakness.

Till the time the stock closes above the lower solid black line, this stock should give us good returns and one should just sit back and watch it probably break the upper solid line with strong volume one day.
*Please do your own research before buying any stock listed here.

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