[May 22, 2013] Downgrade Alert for Fomento Economico Mexicano (FMX) Tweet May 22, 2013 (SmarTrend(R) Upgrades/Downgrades via COMTEX) -- Fomento Economico Mexicano (NYSE:FMX) was downgraded from Neutral to Underperform at Credit Suisse (pre-open) today. The stock closed yesterday at $110.03 on volume of 1.3 million shares, above average daily volume of 657,000. In the past 52 weeks, shares of Fomento Economico Mexicano have traded between a low of $76.16 and a high of $126.11 and closed yesterday at $110.03, which is 44% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has risen 0.4%. Fomento Economico Mexicano, S.A.B. de C.V. (FEMSA) is an integrated beverage company. The Company through its subsidiaries produces, distributes and markets large-scale soft drinks, beer and convenience stores throughout Latin America, the United States and Mexico. Fomento Economico Mexicano (NYSE:FMX) has potential upside of 12.8% based on a current price of $110.03 and analysts' consensus price target of $124.11. The stock should find resistance at its 50-day moving average (MA) of $115.95, as well as support at its 200-day MA of $102.00. SmarTrend is tracking the current trend status for Fomento Economico Mexicano and will alert subscribers who have FMX in their portfolio or watchlist when shares have changed trend direction. 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 ]