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

By Nick Russo

CB Richard Ellis Group (NYSE:CBG) shares have crossed bearishly below their 10-day moving average of $28.62 on a volume of 210K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of CB Richard Ellis Group have traded between a low of $22.74 and a high of $39.00 and are now at $28.50, which is 25% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 1.2%.

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