Back to Main

Moving Average Crossover Alert: Fomento Economico Mexicano SAB (FMX) - Tale of the Tape

By: Zacks.com
Posted: 8/1/2013 5:22:00 AM
Referenced Stocks: FMX

Fomento Economico Mexicano SAB ( FMX ) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for FMX broke out below the 200 Day Simple Moving Average, suggesting short-term bearishness.

This has already started to take place, as the stock has moved lower by 3.8% in the past four weeks. Plus, the company currently has a Zacks Rank #5 (Strong Sell) meaning that now could definitely be the time to get out of this potentially in-trouble stock.



FOMENTO ECO-ADR (FMX): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research