• Return to Headlines

Southern Copper Bearish Moving Average Crossover Alert (SCCO)

By James Quinn

Today, shares of Southern Copper (NYSE:SCCO) have crossed bearishly below their 10-day moving average of $51.75 on a volume of 141K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Southern Copper has traded in a range of $24.90 to $58.09 and is now at $51.10, 105% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.3%.

SmarTrend is tracking the current trend status for Southern Copper and will alert subscribers who have SCCO in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Southern Copper

Ticker(s): SCCO