New York (December 20th, 2012) - Homex Development Corp. (ADR) (NYSE: HXM), Mexico-based company engaged in the development of affordable, entry-level, middle-income and tourism housing in Mexico and affordable entry-level housing in Brazil, is marginally lower in mid-day trading today.
At last check, HXM was trading 0.40% lower at $12.50 on volume of 81,418, which is nearly a fifth of the daily average volume of 514,840. HXM traded in a very tight range last week before breaking through this week. However, the stock has slipped from $13 resistance level.
HXM had fallen sharply earlier in the month after the company said that it expects revenue to slip in 2013.
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Kinross Gold Corporation (NYSE: KGC), a Canada-based company engaged in gold mining and related activities, is down sharply in mid-day trading today, extending its losses from the previous trading sessions.
KGC has slipped as gold prices fell sharply this week amid heavy technical selling and as investors reduced safe-haven bets as fiscal cliff worries eased. KGC is currently trading 3.07% lower at $9.16 on volume of 2.04 million, which is a quarter of the daily average volume of 8.19 million. The stock has fallen more than 5% in the last three trading sessions.
KGC has slipped below a key support level this week. The stock has support at around $9.15. If it falls below this level then the downward slide could continue.
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