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Bullish Moving Average Cross by Fomento Economico Mexicano (FMX)

By Shiri Gupta

Today, shares of Fomento Economico Mexicano (NYSE:FMX) have advanced above their 10-day MA of $93.42 on a volume of 104K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Fomento Economico Mexicano share prices have moved between a 52-week high of $102.72 and a 52-week low of $77.47 and are now trading 24% above that low price at $95.85 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.5%.

SmarTrend is tracking the current trend status for Fomento Economico Mexicano and will alert subscribers who have FMX in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses fomento economico mexicano

Ticker(s): FMX