MRE has just broken its long term downtrend. The current wishy washy behaviour of the sp, IMO is to be expected, as now it is crunch time, continue on a new uptrend, or drop below and continue on the downtrend.
Which will win? I think the answer is in: nickel prices stock piles resurrection of the global economy.
Many stocks appear to be in the same boat, now.
IMO Mre is well priced atm. A drop in stockiles and increase in Ni pricing will see this one jump.
Good luck
MRE Price at posting:
92.5¢ Sentiment: None Disclosure: Held
