Review: Mercury General

On November 20, 2015, we posted the Speed Resistance Lines for Mercury General (MCY).  The downside targets were:

  • $53.96 (conservative target)
  • $37.03 (mid-range target)
  • $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.

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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.

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