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Shares of Cemex SAB de CV Have Risen Above Previous 52-Week High

Published on Tue, 03/12/2013 - 14:14
By Peter Chu

Cemex SAB de CV (NYSE:CX) traded today at a new 52-week high of $12.03. This new high was reached on below average trading volume as 8.1 million shares traded hands, while the average 30-day volume is approximately 19 million shares.

There is potential upside of 4.3% for shares of Cemex SAB de CV based on a current price of $11.92 and an average consensus analyst price target of $12.43. The stock should find initial support at its 50-day moving average (MA) of $10.63 and further support at its 200-day MA of $8.47.

In the past 52 weeks, Cemex SAB de CV share prices have been bracketed by a low of $4.94 and a high of $12.03 and are now at $11.92, 141% above that low price. Over the last five market days, the 200-day moving average (MA) has gone up 1.1% while the 50-day MA has advanced 1.2%.

Cemex SAB de C.V. produces, distributes, and markets cement, ready-mix concrete, aggregates, and clinker.

By Peter Chu