Down 1.8% to $12.61, Desarrolladora Homex SAB de CV (NYSE:HXM), is one of today's notable movers. The Dow is trading fractionally higher to 13,994 and the S&P is currently trading fractionally higher to 1,518.
Potential upside of 17.3% exists for Desarrolladora Homex SAB de CV, based on a current level of $12.61 and analysts' average consensus price target of $14.80. Desarrolladora Homex SAB de CV shares should first meet resistance at the 50-day moving average (MA) of $13.19 and find additional resistance at the 200-day MA of $13.42.
Over the past year, Desarrolladora Homex SAB de CV has traded in a range of $11.00 to $22.47 and is now at $12.61, 15% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.4% while the 50-day MA has advanced 0.3%.
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.