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Bullish Moving Average Cross by CB Richard Ellis Group (CBG)

By James Quinn

CB Richard Ellis Group (NYSE:CBG) shares have crossed bullishly above their 10-day moving average of $29.36 on a volume of 238K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, CB Richard Ellis Group has traded in a range of $22.74 to $39.00 and is now at $29.52, 30% above that low. The 200-day and 50-day moving averages have moved 0.53% lower and 1.16% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of CB Richard Ellis Group on July 12th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $27.33. Since that recommendation, shares of CB Richard Ellis Group have risen 6.2%. We continue to monitor CBG for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses cb richard ellis group

Ticker(s): CBG