Grupo Financiero Banorte (OTCMKTS:GBOOF) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Shares of Grupo Financiero Banorte, S.A.B. de C.V. (OTCMKTS:GBOOFGet Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $7.97 and traded as low as $7.25. Grupo Financiero Banorte shares last traded at $7.25, with a volume of 214 shares trading hands.

Grupo Financiero Banorte Price Performance

The stock has a fifty day moving average price of $7.27 and a two-hundred day moving average price of $7.97.

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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