Long MREO @3.865--oversoldStandard oversold trade - buy lots as long as it remains oversold and sell each lot as it becomes overbought AND profitable.
Low price stocks like this are ideal for this type of trade because they tend to move more on a % basis than higher priced stocks. I'll post mmore data later but the chart tells you it's gonna be pretty good.
Will update as I add or close lots. Have a nice weekend everyone!