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Bearish Moving Average Cross by Cia Brasileira de Distribuicao (CBD)

By Nick Russo

Cia Brasileira de Distribuicao (NYSE:CBD) crossed under its 10-day moving average of $16.27 on a volume of 112K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Cia Brasileira de Distribuicao has traded in a range of $8.00 to $33.70 and is now at $16.10, 101% above that low. Over the past week, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has advanced 2.2%.

SmarTrend is monitoring the recent change of momentum in Cia Brasileira de Distribuicao. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Cia Brasileira de Distribuicao in search of a potential trend change.

Keywords: moving crosses cia brasileira de distribuicao

Ticker(s): CBD