Metalico (MEA) High Ranked FusionIQ Breakout

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.

 


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