Cemex S.A.B. de C.V. (CX) : Traders are bullish on Cemex S.A.B. de C.V. (CX) as it has outperformed the S&P 500 by a wide margin of 22.51% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.31%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.75% in the last 1 week, and is up 25.56% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Cemex S.A.B. de C.V. (NYSE:CX): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $7.63 and $7.56 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $7.90. The buying momentum continued till the end and the stock did not give up its gains. It closed at $7.86, notching a gain of 3.97% for the day. The total traded volume was 15,431,765 . The stock had closed at $7.56 on the previous day.
The stock has recorded a 20-day Moving Average of 12% and the 50-Day Moving Average is 19.85%. CEMEX, S.A.B. de C.V. is up 15.08% in the last 3-month period. Year-to-Date the stock performance stands at 46.76%.
Cemex S.A.B. de C.V. (CX) : 7 Wall Street analysts covering Cemex S.A.B. de C.V. (CX) believe that the average level the stock could reach for the short term is $8.55. The maximum price target given is $10 and the minimum target for short term is around $7, hence the standard deviation is calculated at $1.09.
CEMEX, S.A.B. de C.V. (CEMEX) is an operating and holding company engaged, directly or indirectly, through its operating subsidiaries, primarily in the production, distribution, marketing and sale of cement, ready-mix concrete, aggregates, clinker and other construction materials throughout the world, and that provides construction-related services to customers and communities in more than 50 countries throughout the world. The Company operates in geographical segments: Mexico, United States, Northern Europe, Mediterranean, South America and the Caribbean (SAC), and Asia. Its types of cement include Gray Ordinary Portland Cement, White Portland Cement, Masonry or Mortar, Oil-well Cement and Blended Cement. The Companys main cement production facilities are located in Mexico, the United States, Spain, Egypt, Germany, Colombia, the Philippines, Poland, the Dominican Republic, the United Kingdom, Croatia, Panama, Latvia, Puerto Rico, Thailand, Costa Rica and Nicaragua.