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Southern Copper Crosses Above its 10-day MA (SCCO)

By Shiri Gupta

Southern Copper (NYSE:SCCO) crossed over its 10-day moving average of $26.07 on a volume of 145K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Southern Copper share prices have moved between a 52-week high of $33.30 and a 52-week low of $21.55 and are now trading 22% above that low price at $26.31 per share. 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