[May 23, 2012] Shares of HXM Down 30.8% Since Downtrend Call on Shares Tweet May 23, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Desarrolladora Homex SAB de CV (NYSE:HXM) on February 28th, 2012 at $19.01. In approximately 3 months, Desarrolladora Homex SAB de CV has returned 30.76% as of today's recent price of $13.16. In the past 52 weeks, Desarrolladora Homex SAB de CV share prices have been bracketed by a low of $11.01 and a high of $26.90 and are now at $13.16, 20% above that low price. The 200-day and 50-day moving averages have moved 0.87% lower and 1.96% lower over the past week, respectively. Desarrolladora Homex S.A. de C.V. operates as a vertically integrated home builder. The Company purchases tracts of land, designs, constructs and markets homes for the lower and middle income markets, and assists clients with obtaining mortgages. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Desarrolladora Homex SAB de CV. Log in and add Desarrolladora Homex SAB de CV (HXM) to your watchlist today so you can receive a real-time alert when the shares are about to change trend. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup [ Back To TMCnet.com's Homepage ]