Grupo Financiero Banorte (OTCMKTS:GBOOY) Stock Crosses Above 50 Day Moving Average – Time to Sell?

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOYGet Free Report)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $36.31 and traded as high as $36.37. Grupo Financiero Banorte shares last traded at $35.62, with a volume of 41,690 shares changing hands.

Grupo Financiero Banorte Price Performance

The business has a 50-day moving average price of $36.29 and a two-hundred day moving average price of $35.62.

About Grupo Financiero Banorte

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Grupo Financiero Banorte, SAB. de C.V., through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally. The company accepts checking, current, retirement, and payroll accounts; and provides loans, including mortgage, car, payroll, personal, structured, syndicated, SME loans, and credit cards, as well as letter of credit financing, acquisition funding, and import and export foreign trade financing.

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