Bullish Moving Average Cross by Methanex (MEOH)
Today, shares of Methanex (NASDAQ:MEOH) have crossed bullishly above their 10-day moving average of $30.39 on a volume of 307K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, Methanex has traded in a range of $19.50 to $73.43 and is now at $31.20, 60% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.9% while the 50-day MA has advanced 0.6%.
SmarTrend is monitoring the recent change of momentum in Methanex. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Methanex in search of a potential trend change.
Keywords: moving crosses methanex