Shares of Desarrolladora Homex SAB de CV Under Pressure, Down 5.3%

Published on Mon, 02/04/2013 - 11:14
By Peter Chu in Market movers, HXM, desarrolladora homex sab de cv, market movers, nyse:hxm

One of today's stocks on the move is Desarrolladora Homex SAB de CV (NYSE:HXM), down 5.3% to $13.80. The S&P is trading lower by 0.7% to 1,503 and the Dow is trading 0.8% lower to 13,900.

Desarrolladora Homex S.A. de C.V. operates as a vertically integrated home builder. The Company purchases tracts of land, designs, constructs and markets homes for the lower and middle income markets, and assists clients with obtaining mortgages.

Desarrolladora Homex SAB de CV share prices have moved between a 52-week high of $22.47 and a 52-week low of $11.00 and are now trading 25% above that low price at $13.80 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 2.1%.

Desarrolladora Homex SAB de CV has overhead space with shares priced $13.80, or 6.7% below the average consensus analyst price target of $14.80. The stock should discover initial support at its 200-day moving average (MA) of $13.52 and subsequent support at its 50-day MA of $13.07.

By Peter Chu
pchu@fnno.com

Latest News from FNNO

Earnings Flashback: Since Reporting Quar...

18 days ago, on July 8th, 2014, Bob Evans Farms (NASDAQ:BOBE) reported its earnings. A ...

Earnings Flashback: Since Reporting Quar...

11 days ago, on July 15th, 2014, CSX (NYSE:CSX) reported its earnings. Analysts, on av ...

Dover Earnings Review: 9 Days after Anno...

When Dover (NYSE:DOV) reported earnings 9 days ago on July 17th, 2014, analysts, on ave ...

Earnings Look Back: Autoliv Is Down 0.3%...

A week ago on July 18th, 2014 Autoliv (NYSE:ALV) reported earnings and analysts, on ave ...

Earnings Flashback: Since Reporting Quar...

A week ago on July 18th, 2014 Kansas City Southern (NYSE:KSU) reported earnings and ana ...

Cytec Industries Earnings Hindsight: Up ...

When Cytec Industries (NYSE:CYT) reported earnings a week ago on July 17th, 2014, analy ...

Novartis Earnings Hindsight: Down 0.1% i...

When Novartis (NYSE:NVS) reported earnings 9 days ago on July 17th, 2014, analysts, on ...

Post Earnings Update: AAR Has Climbed 4....

11 days ago, on July 15th, 2014, AAR (NYSE:AIR) reported its earnings. Analysts, on av ...