MFRM huge option spreads. The announcement has pushed shares right up to a significant resistance level at the 50% marker at $33.66. That’s the bad news. The good news is that we are now seeing a Golden Cross forming as the 50-day average crosses up and over the 200-day average — a sign of long-term strength. So once MFRM clears this limit, we ought to see shares pop up to the 38.2% marker at $37.13. But what really catches our eye here is the potential for shares to reach back up to their 0.0% high water mark at $48.37.
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