Downtrend Call Working As Mexco Energy Stock Falls 24.7% (MXC)

Aug 03, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Mexco Energy (AMEX:MXC) on March 6th, 2012 at $8.05. In approximately 5 months, Mexco Energy has returned 24.67% as of today's recent price of $6.06.

Story continues below ↓

In the past 52 weeks, shares of Mexco Energy have traded between a low of $5.25 and a high of $11.48 and are now at $6.06, which is 15% above that low price. The 200-day and 50-day moving averages have moved 0.04% lower and 0.14% higher over the past week, respectively.

Mexco Energy Corporation and its wholly owned subsidiary, Forman Energy Corporation, are involved in the acquisition, exploration, development, and production of oil and gas. The Company's primary activities are centered in the Permian Basin of West Texas. Mexco Energy also owns producing properties and undeveloped acreage in various other states.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Mexco Energy.

Log in and add Mexco Energy (MXC) 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 Governance, Risk & Compliance's Homepage ]