• Return to Headlines

Uptrend Call Working As Grupo Simec Stock Rises 44.6% (SIM)

By David Diaz

SmarTrend identified an Uptrend for Grupo Simec (AMEX:SIM) on August 10th, 2016 at $7.47. In approximately 2 months, Grupo Simec has returned 44.58% as of today's recent price of $10.80.

In the past 52 weeks, shares of Grupo Simec have traded between a low of $5.93 and a high of $10.80 and are now at $10.80, which is 82% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 2.9%.

Grupo Simec, S.A. de C.V. produces steel. The Company operates structural steel mini-mills located in Guadalajara and Mexicali. Simec produces non-flat steel products and specialty steel products for the residential, commercial, and industrial construction industries.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Grupo Simec shares.

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

Keywords: spotlights amex:sim grupo simec

Ticker(s): SIM