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Mesabi Trust Down 32.5% Since SmarTrend Downtrend Call (MSB)Oct 06, 2011 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Mesabi Trust (NYSE:MSB) on July 19, 2011 at $31.39. In approximately 3 months since that trend was identified, Mesabi Trust has fallen 32.5% as of Thursday's closing price of $21.19. In the past 52 weeks, shares of Mesabi Trust have traded between a low of $18.85 and a high of $57.94 and are now at $21.19, which is 12% above that low price. Mesabi Trust is currently below its 50-day moving average of $24.74 and below its 200-day moving average of $32.54. Look for these moving averages to decline to confirm the company's downward momentum. In the last five trading sessions, the 50-day MA has fallen 2.6% while the 200-day MA has slid 1.22%. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Mesabi Trust. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.mysmartrend.com/signup |