Ternium's (TX) second quarter earnings beat moved the needle again somewhat with respect to the potential crossover of the MACD indicator as shown on the long-term chart below. If indeed we get a crossover of this popular indicator (which the histogram is predicting), current prices in Ternium potentially offer the best long-term buying opportunity in this stock since 2008. We state this because of how far the MACD indicator is presently from the zero line. The more oversold the indicator, the better the potential buying opportunity.
Ternium reported $0.22 in earnings on sales