Grupo Financiero Banorte (OTCMKTS:GBOOF) Stock Price Crosses Below Two Hundred Day Moving Average – Should You Sell?

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOFGet Free Report) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.38 and traded as low as $7.18. Grupo Financiero Banorte shares last traded at $7.18, with a volume of 2,053 shares changing hands.

Grupo Financiero Banorte Stock Performance

The business has a 50 day simple moving average of $7.31 and a 200 day simple moving average of $8.38.

Grupo Financiero Banorte Company Profile

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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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