YPF (NYSE: YPF) Lead Argentine Stock Rally

NYSE:YPF   YPF Sociedad Anonima
The U.S.-listed shares of YPF SA (YPF) shot up 24.3% toward a one-month high in premarket trading Monday, as investors in the Argentina-based oil and gas company cheered the election of right-wing populist Javier Milei as the new president of Argentina.

The stock's rally was part of a broad gains in share of other Argentina-based companies, as the Global X MSCI Argentina ETF soared 12.2%, to put it on track to open at the highest price seen during regular-session hours since Sept. 5.

Technical Analysist
Price Momentum
YPF is trading near the top of its 52-week range and above its 200-day simple moving average.

What does this mean?
Investors have been pushing the share price higher, and the stock still appears to have upward momentum. This is a positive sign for the stock's future value.

⭐⭐⭐ Sign Up for Free ⭐⭐⭐

1) Download our App on Google Play!

2) Text Message Notifications:

3) Telegram:

4) Follow Us on our Social Networks

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.