• Return to Headlines

The Lehman Crisis In Hindsight: Desarrolladora Homex SAB de CV Currently 34.7% Below its Sept. 15th 2008 'Lehman Crisis' Low of $44.41 (HXM)

Written on Wed, 07/28/2010 - 6:53am
By Chip Brian

Desarrolladora Homex SAB de CV (NYSE:HXM) is currently trading 34.7% below its Sept. 15th 2008 low of $44.41. Investors are looking to see if the shares can regain the Sept. 15th 'Lehman Crisis' level, which may act as long-term overhead resistance.
In the past 52-weeks, shares of Desarrolladora Homex SAB de CV have traded between a low of $23.06 and a high of $44.38 and are now at $28.98, which is 25.7% above that low price.
SmarTrend is bullish on shares of Desarrolladora Homex SAB de CV and our subscribers were alerted to Buy on July 23, 2010 at $27.93. The stock has risen 3.8% since the alert was issued.

Keywords: desarrolladora homex sab de cv lehman crisis lehman bankruptcy

Ticker(s): HXM

Contact Chip Brian



Smartrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at http://www.mysmartrend.com/morning-call-newsletter-signup.