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S&P 500: 1,317.11 Change: -0.21%
MW
P&P Score: 93.92   Points: -0.65   Accuracy: 77.78%   Average Pick Score: -0.18   Annual Return: 0.16% (0.32% since 5/25/10)  

MW's Blog : MIR - get ready for a surprise

Date June 15, 2010    Comments Comments (0)    Rate this post Recommend This Post (61)   
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I've been watching MIR for a while, fundamentally MIR Price to book ratio is 0.38 with a return on Equity ratio above 11. Which is really a good hunt if you compare it to its competitors or its industry.
Technically MIR is getting close to a strong resistance line 12.68$ where we need a strong volume up to 20 millions traded shares to be able to confirm that we safely crossed the resistance line. Ideally if the market starts a new rally soon and MIR crosses the 12.68$ then you can easily see its price up by 10$ by the end of 2010. .
Tags : MIR   UTILITIES  

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