Metalico Inc. - MEA, a company that treats and recycles industrial waste such as lead acid batteries, scrap lead, and tin/lead scraps broke out of a multi-month consolidation on Friday on expanding volume after setting a solid base support between 9.00 and 8.75. Addtionally the company has bested earnings estimates by double digits in 2 of the last 3 quarters, and has a very bullish FusionIQ Master Technical Score of 92. The upside point and figure derived price objective of $ 18.00 is as bullish as the FusionIQ Master Technical Score implies.
|