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America Movil Crosses Above its 10-day MA (AMX)

By Amy Schwartz

America Movil (NYSE:AMX) shares have crossed bullishly above their 10-day moving average of $11.94 on a volume of 546K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

America Movil share prices have moved between a 52-week high of $21.76 and a 52-week low of $11.31 and are now trading 7% above that low price at $12.05 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has remained constant.

SmarTrend recommended that its subscribers protect gains by selling shares of America Movil on May 4th, 2016 by issuing a Downtrend alert when the shares were trading at $13.34. Since that call, shares of America Movil have fallen 12.0%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses america movil

Ticker(s): AMX