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Southern Copper Bearish Moving Average Crossover Alert (SCCO)

By Amy Schwartz

Southern Copper (NYSE:SCCO) crossed under its 10-day moving average of $34.29 on a volume of 145K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Southern Copper share prices have moved between a 52-week high of $44.82 and a 52-week low of $29.39 and are now trading 12% above that low price at $32.83 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.4% while the 200-day MA has remained constant.

SmarTrend is tracking the current trend status for Southern Copper and will alert subscribers who have SCCO in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses Southern Copper

Ticker(s): SCCO