• Return to Headlines

After Yesterday's Decline of 1.89%, Cemex SAB de CV Offers Investors Better Value

By David Diaz

Cemex SAB de CV (NYSE:CX) traded in a range yesterday that spanned from a low of $8.12 to a high of $8.35. Yesterday, the shares fell 1.9%, which took the trading range below the 3-day low of $8.45 on volume of 5.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Cemex SAB de CV have traded between a low of $3.64 and a high of $10.48 and are now at $8.28, which is 127% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 2.1%.

SmarTrend is tracking the current trend status for Cemex SAB de CV and will alert subscribers who have CX in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders cemex sab de cv

Ticker(s): CX