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Mesa Royalty Trust Up 23.1% Since SmarTrend Uptrend Call (MTR)

By Nick Russo

SmarTrend identified an Uptrend for Mesa Royalty Trust (NYSE:MTR) on March 21st, 2017 at $12.79. In approximately 1 month, Mesa Royalty Trust has returned 23.14% as of today's recent price of $15.75.

Over the past year, Mesa Royalty Trust has traded in a range of $5.64 to $20.56 and is now at $15.75, 179% above that low. The 200-day and 50-day moving averages have moved 0.5% lower and 2.72% higher over the past week, respectively.

Mesa Royalty Trust operates oil and natural gas properties in Kansas, New Mexico, Colorado, and Wyoming. The Trust provides unit holders with cash distributions and tax credits under Section 29 of the Internal Revenue Code.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Mesa Royalty Trust shares.

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

Keywords: spotlights mesa royalty trust

Ticker(s): MTR