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Breaking Through Resistance: MEOH Surges Above Key Indicator

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Breaking Through Resistance: MEOH Surges Above Key Indicator

The Market Dance: MEOH’s Rise

In a whirl of activity on Monday, Methanex Corp (Symbol: MEOH) triumphantly crossed over their 200-day moving average of $43.39, soaring as high as $43.54 per share. Currently, Methanex Corp shares are basking in a 0.7% boost for the day. It’s like watching a sprinter break through the finish line, leaving the competition in a cloud of dust. The exhilarating chart below displays the one-year journey of MEOH shares in relation to its 200-day moving average:

Methanex Corp 200 Day Moving Average Chart

Reflecting on the graph, MEOH’s voyage in the last 52 weeks saw it dip to $38.18 per share – a valley moment – yet gallantly scaling to a peak of $49.48. As the markets closed, the final trade was marked at $43.40, embodying the essence of perseverance and progress.

Curious about other movers and shakers who have recently cleared the hurdles of their 200-day moving average? Click here to explore nine other stocks.

Additional Insights:

• ANDA Insider Buying

• FBIZ Split History

• BOLD shares outstanding history

The expressions and viewpoints shared here belong to the author and may not necessarily mirror those of Nasdaq, Inc.