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November 19, 2012 at 17:22 PM EST
Femsa Seeks Growth Through Acquisitions, Forming Base
Fomento Economico Mexicano (FMX), which operates convenience stores and bottles and distributes Coca-Cola (KO) beverages in Latin America, is forming the right side of a base. The stock corrected 11% after hitting an all-time high of 98.10 on Oct. 17, sinking below its 10-week line. But volume on the pullback was weak. The stock reclaimed its major support line last week, and is now just 4% off its high. Fomento, popularly known as Femsa, has been
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