Desarrolladora Homex SAB de CV: The Trend Continues Lower (HXM)
Monday, February 15, 2010 - 23:40
Written on Mon, 02/15/2010 - 11:40pm
By Chip Brian

SmarTrend identified a Downtrend for Desarrolladora Homex SAB de CV (NYSE:HXM) on January 22, 2010 at $32.68. In approximately 3 weeks, Desarrolladora Homex SAB de CV has returned 5.4% as of today's recent price of $30.90.
Desarrolladora Homex SAB de CV is currently below its 50-day moving average of $34.00 and below its 200-day moving average of $32.94. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Desarrolladora Homex SAB de CV.

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