Grupo Financiero Banorte (OTCMKTS:GBOOF) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOFGet Free Report) shares crossed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $9.53 and traded as high as $9.63. Grupo Financiero Banorte shares last traded at $9.60, with a volume of 2,505 shares traded.

Grupo Financiero Banorte Stock Performance

The firm has a 50-day simple moving average of $9.53 and a two-hundred day simple moving average of $9.00.

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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