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CB Richard Ellis Group Bearish Moving Average Crossover Alert (CBG)

By James Quinn

CB Richard Ellis Group (NYSE:CBG) shares have crossed bearishly below their 10-day moving average of $34.98 on a volume of 411K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, CB Richard Ellis Group share prices have been bracketed by a low of $22.74 and a high of $39.00 and are now at $34.87, 53% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.2%.

SmarTrend is tracking the current trend status for CB Richard Ellis Group and will alert subscribers who have CBG in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses cb richard ellis group

Ticker(s): CBG