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

By Shiri Gupta

Today, shares of Southern Copper (NYSE:SCCO) have advanced above their 10-day MA of $26.97 on a volume of 127K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, shares of Southern Copper have traded between a low of $21.55 and a high of $33.30 and are now at $27.13, which is 26% above that low price. The 200-day and 50-day moving averages have moved 0.03% higher and 1.31% higher over the past week, respectively.

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