Grupo Financiero Banorte (OTCMKTS:GBOOF) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Shares of Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOFGet Free Report) crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $7.97 and traded as low as $7.25. Grupo Financiero Banorte shares last traded at $7.25, with a volume of 214 shares trading hands.

Grupo Financiero Banorte Stock Performance

The company has a 50-day simple moving average of $7.27 and a two-hundred day simple moving average of $7.96.

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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