In similar fashion, REA rallied +3.5% yesterday after opening the session lower, one day’s reversal doesn’t constitute a change in trend but when it dovetails into our roadmap for equities MM gives the advance far more credibility.
- We like REA around the $119 level initially looking for a break of August’s swing high by the stock.
MM is bullish REA targeting a break back above $140 into Christmas
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