In my last article on Metro Stock (MRU), I explained that I was bullish for the stock after the 3:1 split took place. While that has been true, the split has not seen the bigger move higher I had expected from the stock. At the same time however, the stock did not sell-off after the split and did not drop with the rest of the Toronto Stock Exchange. Instead the stock has stayed quite strong with decent volume and interested buyers. That is setting up some good trade ideas within Metro Stock.
Here is an outline of the trade I am attempting to enter today or tomorrow in Metro Stock. The trading symbol is MRU.
Metro Inc Stock (MRU) Trade Ideas
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Disclaimer: There are risks involved in all investment strategies and investors can and do lose capital. Trade at your own risk. Stocks, options and investing are risky and can result in considerable losses. None of the strategies, stocks or information discussed and presented are financial or trading advice or recommendations. Everything presented and discussed are the author’s own trade ideas and opinions which the author may or may not enter into. The author assumes no liability for topics, ideas, errors, omissions, content and external links and trades done or not done. The author may or may not enter the trades mentioned. Some positions in mentioned stocks may already be held or are being adjusted.