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

By Nick Russo

Southern Copper (NYSE:SCCO) crossed over its 10-day moving average of $37.26 on a volume of 180K 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 $49.56 and a 52-week low of $29.01 and are now trading 31% above that low price at $38.05 per share. The 200-day and 50-day moving averages have moved 0.35% lower and 0.07% 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