• 19
    Mar

    America Movil: Time to Take Some Profits?

    Filed under: Stocks to Sell , Stock Picks The stock chart of Latin American wireless provider America Movil SAB de CV ( AMX ), first discussed here on June 24, 2009 at a price of $36.47, appears to have formed a double-top near $60 — a bearish pattern — hence those in at/near $36 may wish to consider taking some profits. However, other investors who can tolerate the risk can maintain their full position in AMX, as longer-term, two to three years out, as new business titan America Movil has a bright future. In 2011, AMX will likely post 20-25% revenue growth in 2011, following a fantastic 31% surge in 2010

    ace7821eecillogo.jpg America Movil: Time to Take Some Profits?

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