Methanex Corporation (MEOH) : Traders are bullish on Methanex Corporation (MEOH) as it has outperformed the S&P 500 by a wide margin of 10.67% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 11.01%, 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 11.57% in the last 1 week, and is up 10.52% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 8.69% and the 50-Day Moving Average is 10.04%.The 200 Day SMA reached 2.38%. Methanex Corporation has dropped 6.92% during the last 3-month period . Year-to-Date the stock performance stands at -2.61%.
Methanex Corporation (NASDAQ:MEOH): After opening at $30.455, the stock dipped to an intraday low of $30.33 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $31.7 and the buying power remained strong till the end. The stock closed at $31.62 for the day, a gain of 5.58% for the day session. The total traded volume was 1,111,748. The stocks close on the previous trading day was $29.95.
Methanex Corporation is a Canada-based producer and supplier of methanol to international markets in Asia Pacific, North America, Europe and South America. The Company operates three production facilities in New Zealand, which supply methanol primarily to customers in Asia Pacific. Its two plants in Trinidad, Titan and Atlas, supply methanol markets in North America, Europe, Asia Pacific and South America. Its Geismar 1 facility in Louisiana supplies to customers in the United States. The Company through a joint venture facility in Egypt, located on the Mediterranean Sea, supplies methanol markets in Europe and Asia Pacific. Its plant in Medicine Hat, Alberta, supplies methanol to customers in North America. The Punta Arenas production complex in southern Chile supplies to customers in South America.