Perilous Reversal Watch: Methanex (MEOH)

Trade-Ideas LLC identified Methanex ( MEOH) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Methanex as such a stock due to the following factors:

  • MEOH has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $29.8 million.
  • MEOH has traded 199,569 shares today.
  • MEOH is down 3% today.
  • MEOH was up 7% yesterday.

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More details on MEOH:

Methanex Corporation produces and supplies methanol in the Asia Pacific, North America, Europe, and South America. It also purchases methanol produced by others under methanol offtake contracts and on the spot market. The company was founded in 1968 and is headquartered in Vancouver, Canada. The stock currently has a dividend yield of 3.7%. MEOH has a PE ratio of 13. Currently there are 4 analysts that rate Methanex a buy, no analysts rate it a sell, and 2 rate it a hold.

The average volume for Methanex has been 1.0 million shares per day over the past 30 days. Methanex has a market cap of $2.7 billion and is part of the basic materials sector and chemicals industry. Shares are down 4.2% year-to-date as of the close of trading on Tuesday.

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