This stock will give you a really good foundation to stand on. Here’s a look at Cemex (CX) (April 03, 2014)
Cemex ( NYSE:CX ), here’s the deal, this is the biggest cement company, I’m sure they had something to do with Jimmy Hoffa’s disappearance. This is a daily chart, this has been trending sideways for a while in this little symmetrical triangle. If you have a long-term view look at it this way, the stocks been basically printing in this base here, this high base for quite a while and its just getting close to breaking out here.
So I think you want to watch this stock and you want to watch it very carefully, you actually kind of want to be long this stock. Here, in the weekly chart you can really see it; back here they split 26 for 25, I have no idea why they did that, but I’m sure there’s a reason somewhere. So the stock is still in consolidation, but if you’re looking for a stock just to kind of buy and hang on to for a while, I think this is going to work for you.
Free Chart