Smart Grid

TMCNet:  Shares of MEOH Up 17.1% Since Uptrend Call on Shares

[February 01, 2013]

Shares of MEOH Up 17.1% Since Uptrend Call on Shares

Feb 01, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Methanex (NASDAQ:MEOH) on December 3rd, 2012 at $30.45. In approximately 2 months, Methanex has returned 17.06% as of today's recent price of $35.64.
Story continues below ↓

Methanex share prices have moved between a 52-week high of $36.52 and a 52-week low of $19.50 and are now trading 83% above that low price at $35.64 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.5%.

Methanex Corporation produces and markets methanol. The Company's product is used to produce formaldehyde, acetic acid and a variety of other chemical intermediates. Methanol is also used as an additive in gasoline and is used in fuel cell applications.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Methanex shares.Log in and add Methanex (MEOH) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

[ Back To Smart Grid Home's Homepage ]




blog comments powered by Disqus