Bullish Moving Average Cross by Chicago Bridge & Iron (CBI)
Today, shares of Chicago Bridge & Iron (NYSE:CBI) have crossed bullishly above their 10-day moving average of $80.05 on a volume of 764K 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.
Chicago Bridge & Iron share prices have moved between a 52-week high of $84.48 and a 52-week low of $50.41 and are now trading 67% above that low price at $84.00 per share. Over the past week, the 200-day moving average (MA) has gone up 0.5% while the 50-day MA has remained constant.
SmarTrend is monitoring the recent change of momentum in Chicago Bridge & Iron. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Chicago Bridge & Iron in search of a potential trend change.
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