One of today's stocks on the move is Southern Copper (NYSE:SCCO), down 1.9% to $37.17. The S&P is currently trading fractionally lower to 1,552 and the Dow Jones Industrial Average is trading fractionally lower to 14,435.
Southern Copper (NYSE:SCCO) has potential upside of 15.8% based on a current price of $37.17 and analysts' consensus price target of $43.05. The stock should hit resistance at its 50-day moving average (MA) of $39.14, as well as support at its 200-day MA of $35.08.
In the past 52 weeks, shares of Southern Copper have traded between a low of $27.72 and a high of $42.03 and are now at $37.17, which is 34% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has risen 0.4%.
Southern Copper Corporation conducts mining operations in Peru and Mexico. The Company owns and operates open pit mines and metallurgical complexes that produce copper, molybdenum, zinc, and precious metals.