NEW YORK (AVAFIN) -- CEMEX, S.A.B. de C.V. options contracts experienced a new 90-day record for call contracts where a total
of 3,782 call contracts were traded in the busy trading session. The contract spread
yielded a 0.79 put/call ratio where 1.3 call contracts were traded for each put contract.
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Options are useful tools for predicting the movement of the underlying stock. Put/Call ratio
statistics serve as a useful predictor of investment sentiment, indicating what experienced
investors are doing in preparation for a move of an underlying stock. Thus, unusual volume
provides reliable clues that the stock is expected to make a move.
CEMEX, S.A.B. de C.V. is trading at $10.00, up $0.26 (+2.67%) in today's trading session.
The daily low is $9.70 and the high is $10.03. The trading volume of 13M is above
the average volume of 13M shares. CX is trading above the 50 day moving
average and higher than the 200 day moving
average. The technical momentum Relative Strength Index indicator shows overbought conditions. The stock's 52 week low is $4.7692 and 52 week high is $9.87. Within the last quarter, the shares have gained 15.81% of their value.
CEMEX is a leading global producer of cement, ready-mix concrete, and aggregates. In 2010, the company sold 65.6 million metric tons of cement, 51.0 million cubic meters of ready-mix concrete, and 158.5 million metric tons of aggregates. In 2010, 34% of revenue was generated in Europe, 24% in Mexico, 18% in the United States, 10% in the rest of the Americas, 7% in Africa and the Middle East, and 4% in Asia.