MET retests 200 day moving average.

At yesterday’s low MET was down over 10% from its July highs. The recent four day selling wave has driven shares back down to its 200D MAV leaving behind an ugly post earnings(7/31) spike high. The 200D held a key high last December as well as a key low in late April. A low risk entry opportunity could be developing. We are watching the action closely.

At time of publication we do not have a position in MET.