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42.8% Return Seen to Date on SmarTrend Mesabi Trust Call (MSB)

By James Quinn

SmarTrend identified a Downtrend for Mesabi Trust (NYSE:MSB) on October 2nd, 2019 at $23.03. In approximately 6 months, Mesabi Trust has returned 42.76% as of today's recent price of $13.18.

In the past 52 weeks, Mesabi Trust share prices have been bracketed by a low of $9.78 and a high of $32.39 and are now at $13.18, 35% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 4.5% while the 200-day MA has slid 1.5%.

Mesabi Trust owns mining rights on taconite properties in Minnesota. The Trust conserves and protects the trust estate and collects and distributes the income to certificate holders.

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.

Log in and add Mesabi Trust (MSB) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights mesabi trust

Ticker(s): MSB