Cemex S.A.B. DE C.V. (CX)

[mc6102]

I sold at around 12 awhile back and have played the move a couple times. This stock has tended to move with the U.S. economy and housing market, despite its global position.

For a long position (long-term), I am looking/hoping to re-buy in the high 3s somewhere. My guess is that its bottom may be around 3.95-4.40. I believe this is likely for a variety of reasons, but given the election hoopla is about to begin, and Spring is coming, that's where I'm picking the bottom this cycle. Once it bottoms though there should be a big massive move up, imo. I will buy wherever its at come Jan. though.

Daily swings are good for trading if you catch the right direction.

Weekly chart, 15 years of CX: