Breakout Stocks of Week 19 @ MEX
NASDAQ was up last week (week 18) by 1.43% ending at 16,156.33 points after gaining 228.43 points during the week. Our system has detected some possible breakout stocks for the following week and these should be on your watchlist. These are the stocks that are bouncing up with good increase in volume and are likely to do good in short term. One of these stocks are CEMEX, S.A.B. de C.V. MEX:CEMEXCPO. This stock has had a buy signal since May 02, 2024 when the price was $13.31 and is so far up 2.10% to $13.59. Some other companies are on our watchlist to, among these are which all got a breakout pattern emerging.
| Date | Company | Price | Week 19 |
|---|---|---|---|
| Cemex, S.a.b. De C.v. | $13.59 | $13.29 | -2.21% |
The CEMEX, S.A.B. de C.V. stock price gained 2.10% on the last trading day (Friday, 3rd May 2024), rising from $13.31 to $13.59. During the last trading day the stock fluctuated 2.92% from a day low at $13.34 to a day high of $13.73. The price has fallen in 5 of the last 10 days and is down by -1.16% for this period. Volume fell on the last day by -21 million shares and in total, 15 million shares were bought and sold for approximately $202.09 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The CEMEX, S.A.B. de C.V. stock holds several negative signals and despite the positive trend, we believe CEMEX, S.A.B. de C.V. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
About CEMEX, S.A.B. de C.V.:
CEMEX, S.A.B. de C.V., together with its subsidiaries, produces, markets, distributes, and sells cement, ready-mix concrete, aggregates, urbanization solutions, and other construction materials worldwide. The company also offers various complementary construction products, including asphalt products; concrete blocks; roof tiles; architectural products; concrete pipes for storm and sanitary sewers applications; and other precast products, such as rail products, concrete floors, box culverts, bridges, drainage basins, barriers, and parking curbs. In addition, it provides building solutions for housing solutions, pavement solutions, and green building services; cement trade maritime services; and information technology solutions. The company operates approximately 2,000 retail stores. CEMEX, S.A.B. de C.V. was founded in 1906 and is headquartered in San Pedro Garza García, Mexico.
Despite these candidates are looking good from a technical perspective they may not perform as expected. You should always be cautious when trading and base your decisions on more than one source of information. This does not constitute an offer or recommendation to buy or sell securities.
