Buyers Accumulate Shares of Desarrolladora Homex SAB de CV, Up 2.8%
Desarrolladora Homex SAB de CV (NYSE:HXM) is a company whose shares are active, trading 2.8% higher to $8.41. The S&P is trading fractionally lower to 1,553 and the Dow is trading 0.4% lower to 14,487.
In the past 52 weeks, Desarrolladora Homex SAB de CV share prices have been bracketed by a low of $5.51 and a high of $17.75 and are now at $8.41, 53% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.6% while the 50-day MA has declined 6.8%.
Desarrolladora Homex SAB de CV (NYSE:HXM) has potential upside of 63.9% based on a current price of $8.41 and analysts' consensus price target of $13.79. The stock should find initial resistance at its 50-day moving average (MA) of $10.61 and further resistance at its 200-day MA of $12.55.
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.