Here’s a snapshot:

• Revenues increased 52.0% to US$6.7 billion
• Operating income increased 92.59% to US$1.4 billion
• Net income increased 51.4% to US$913.1 million

Now, a massive breakout is imminent. MTL could rise as high as $70.52 in the next four weeks. That’s a 30% gain for this Russian steel company!

If you decide to play MTL, pay close attention to the $51.79 level. That’s your tripwire. If MTL drops below that level, cut and run!

Until then, that 30% climb could be just the beginning…

S.R. Nunnally

Editor, Taipan Trader

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Source: Russian Steel Company to Rise 30%!