Southern Copper Crosses Above its 10-day MA (SCCO)
Today, shares of Southern Copper (NYSE:SCCO) have crossed bullishly above their 10-day moving average of $26.34 on a volume of 111K 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, Southern Copper share prices have been bracketed by a low of $21.55 and a high of $33.30 and are now at $26.74, 24% above that low price. Over the last five market days, 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