Fomento Economico Mexicano - FMX - close: 38.15 chg: +1.57 stop: 35.99

Why We Like It:
FMX is one of the largest beverage companies in Latin America. The stock's recent correction had pulled back to its 38.2% Fibonacci retracement and its 30-dma. Then news surfaced that Coca-cola Co. (KO) and its partners would invest $5 billion in the next five years into Mexico. KO's biggest partner in Mexico is FMX. The stock shot up 4.2% today on strong volume. I'm suggesting readers buy FMX on a dip to $37.50. Our first target to take profits is $40.00. Our second target to exit is $42.40. Currently the Point & Figure chart is bullish with a $66.00 target.

Annotated chart:

Entry on    August xx at $xx.xx <-- TRIGGER @ 37.50
Change since picked:     + 0.00   			
Earnings Date          10/26/09 (unconfirmed)    
Average Daily Volume:       766 thousand
Listed on  August 20, 2009