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

By James Quinn

Cia Brasileira de Distribuicao (NYSE:CBD) crossed over its 10-day moving average of $12.49 on a volume of 167K 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, Cia Brasileira de Distribuicao has traded in a range of $8.00 to $33.70 and is now at $12.86, 61% 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 tracking the current trend status for Cia Brasileira de Distribuicao and will alert subscribers who have CBD in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses cia brasileira de distribuicao

Ticker(s): CBD