Grupo Financiero Banorte (OTCMKTS:GBOOF) Shares Cross Below 200 Day Moving Average – Time to Sell?

Shares of Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOFGet Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.22 and traded as low as $6.88. Grupo Financiero Banorte shares last traded at $6.88, with a volume of 1,738 shares changing hands.

Grupo Financiero Banorte Stock Down 1.9 %

The business has a 50 day simple moving average of $7.26 and a 200-day simple moving average of $8.22.

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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