On November 20, 2015, we posted the Speed Resistance Lines for Mercury General (MCY). The downside targets were:
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$53.96 (conservative target)
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$37.03 (mid-range target)
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$20.10 (extreme target)
The chart below highlights the date the SRL was published and the price action that has transpired since November 20, 2015.
Our lurking worry? That the $20.10 target will be achieved. This leads to a downside range of $18-$20 from the current price of $38.88.