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Southern Copper Has Returned % Since SmarTrend Recommendation (SCCO)

By David Diaz

SmarTrend identified a Downtrend for Southern Copper (NYSE:SCCO) on October 2nd, 2019 at $32.40. In approximately 2 weeks, Southern Copper has returned 5.31% as of today's recent price of $34.12.

In the past 52 weeks, Southern Copper share prices have been bracketed by a low of $29.01 and a high of $42.58 and are now at $34.12, 18% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.3% while the 200-day MA has risen 0.2%.

Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Chile, and Ecuador. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc and lead.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Southern Copper.

Log in and add Southern Copper (SCCO) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights Southern Copper

Ticker(s): SCCO