After Yesterday's Rally of 1.06% Shares Could Potentially Pullback
Southern Copper (NYSE:SCCO) traded in a range yesterday that spanned from a low of $26.42 to a high of $26.75. Yesterday, the shares gained 1.1%, which took the trading range above the 3-day high of $26.71 on volume of 640,000 shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
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.
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 24% above that low price at $26.63 per share. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.3%.
Keywords: rebounders Southern Copper