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Methanex Bullish Moving Average Crossover Alert (MEOH)

By Nick Russo

Today, shares of Methanex (NASDAQ:MEOH) have crossed bullishly above their 10-day moving average of $28.72 on a volume of 154K 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.

In the past 52 weeks, Methanex share prices have been bracketed by a low of $19.50 and a high of $73.43 and are now at $29.05, 49% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has slid 0.9%.

SmarTrend recommended that its subscribers protect gains by selling shares of Methanex on June 15th, 2016 by issuing a Downtrend alert when the shares were trading at $30.85. Since that call, shares of Methanex have fallen 7.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses methanex

Ticker(s): MEOH