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Shares of MEOH Up 17.1% Since Uptrend Call on Shares
[February 01, 2013]

Shares of MEOH Up 17.1% Since Uptrend Call on Shares

Feb 01, 2013 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Methanex (NASDAQ:MEOH) on December 3rd, 2012 at $30.45. In approximately 2 months, Methanex has returned 17.06% as of today's recent price of $35.64.

Methanex share prices have moved between a 52-week high of $36.52 and a 52-week low of $19.50 and are now trading 83% above that low price at $35.64 per share. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has advanced 1.5%.

Methanex Corporation produces and markets methanol. The Company's product is used to produce formaldehyde, acetic acid and a variety of other chemical intermediates. Methanol is also used as an additive in gasoline and is used in fuel cell applications.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Methanex shares.Log in and add Methanex (MEOH) 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 --------------------------------------------------------------------------------------------- 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 Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at:

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