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Cemex SAB de CV Shares Sinking Lower, Down 1.6%

Published on Wed, 03/27/2013 - 10:29
By Mallory Stone

Cemex SAB de CV (NYSE:CX) is a company whose shares are active, trading 1.6% lower to $12.02. The S&P is currently trading 0.3% lower to 1,558 and the Dow Jones Industrial Average is trading 0.4% lower to 14,507.

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

Cemex SAB de CV (NYSE:CX) has potential upside of 3.4% based on a current price of $12.02 and analysts' consensus price target of $12.43. The stock should find initial support at its 50-day moving average (MA) of $11.06 and further support at its 200-day MA of $8.84.

In the past 52 weeks, shares of Cemex SAB de CV have traded between a low of $4.94 and a high of $12.47 and are now at $12.02, which is 143% above that low price. The 200-day and 50-day moving averages have moved 1.20% higher and 0.91% higher over the past week, respectively.

By Mallory Stone