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65.7% Return Seen to Date on SmarTrend Mesabi Trust Call (MSB)

By Shiri Gupta

SmarTrend identified an Uptrend for Mesabi Trust (NYSE:MSB) on November 10th, 2016 at $9.84. In approximately 5 months, Mesabi Trust has returned 65.65% as of today's recent price of $16.30.

Mesabi Trust share prices have moved between a 52-week high of $17.42 and a 52-week low of $3.00 and are now trading 443% above that low price at $16.30 per share. Over the past week, the 200-day moving average (MA) has gone down 0.7% while the 50-day MA has advanced 5.5%.

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 shifts in the trajectory of Mesabi Trust shares.

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