Uptrend Call Working As Methanex Stock Rises 27.0% (MEOH)
SmarTrend identified an Uptrend for Methanex (NASDAQ:MEOH) on August 23rd, 2016 at $29.76. In approximately 2 months, Methanex has returned 26.99% as of today's recent price of $37.80.
Methanex share prices have moved between a 52-week high of $73.43 and a 52-week low of $19.50 and are now trading 94% above that low price at $37.80 per share. The 200-day and 50-day moving averages have moved 0.89% lower and 0.61% higher over the past week, respectively.
Methanex Corporation produces and markets methanol. The Company's product is used to produce formaldehyde, acetic acid and a variety of other chemical intermediates. Methanol is also used as an additive in gasoline and is used in fuel cell applications.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Methanex shares.
Log in and add Methanex (MEOH) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.
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