Southern Copper Makes a Move: Down 1.9%

Published on Wed, 03/13/2013 - 10:19
By Mallory Stone in Market movers, SCCO, market movers, nyse:scco, southern copper

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.

By Mallory Stone
mstone@fnno.com

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