Shares of Cemex SAB de CV Under Pressure, Down 2.8%

Published on Fri, 12/21/2012 - 11:24
By Adrienne Chilton in Market movers, CX, cemex sab de cv, market movers, nyse:cx

Down 2.8% to $9.69, Cemex SAB de CV (NYSE:CX), is one of today's notable movers. The Dow Jones Industrial Average is now trading 0.8% lower to 13,203 and the S&P is trading 0.9% lower to 1,431.

In the past 52 weeks, Cemex SAB de CV share prices have been bracketed by a low of $4.55 and a high of $10.14 and are now at $9.69, 113% above that low price. The 200-day and 50-day moving averages have moved 0.57% higher and 0.83% higher over the past week, respectively.

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 2.4% based on a current price of $9.69 and analysts' consensus price target of $9.93. The stock should discover initial support at its 50-day moving average (MA) of $8.95 and subsequent support at its 200-day MA of $7.49.

By Adrienne Chilton
achilton@fnno.com

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