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Cemex SAB de CV Shares Climbing Higher, Up 1.4%

Published on Tue, 02/12/2013 - 11:31
By Peter Chu

One of today's stocks on the move is Cemex SAB de CV (NYSE:CX), up 1.4% to $10.43. The Dow Jones Industrial Average is now trading fractionally higher to 13,994 and the S&P is trading fractionally higher to 1,518.

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

Cemex SAB de CV share prices have moved between a 52-week high of $11.20 and a 52-week low of $4.94 and are now trading 111% above that low price at $10.43 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.8% while the 200-day MA has risen 0.7%.

Cemex SAB de CV has overhead space with shares priced $10.43, or 14.0% below the average consensus analyst price target of $12.13. The stock should discover initial support at its 50-day moving average (MA) of $10.02 and subsequent support at its 200-day MA of $8.05.

By Peter Chu
pchu@fnno.com