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

By Amy Schwartz

CB Richard Ellis Group (NYSE:CBG) crossed over its 10-day moving average of $28.64 on a volume of 386K shares. This may provide short-term investors a chance 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 $28.78, 27% 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 is monitoring the recent change of momentum in CB Richard Ellis Group. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of CB Richard Ellis Group in search of a potential trend change.

Keywords: moving crosses cb richard ellis group

Ticker(s): CBG