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

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOFGet Free Report)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.67 and traded as low as $7.50. Grupo Financiero Banorte shares last traded at $7.55, with a volume of 887 shares changing hands.

Grupo Financiero Banorte Price Performance

The company has a 50 day moving average of $7.25 and a 200 day moving average of $8.64.

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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