Chicago Bridge & Iron Crosses Above its 10-day MA (CBI)
Today, shares of Chicago Bridge & Iron (NYSE:CBI) have advanced above their 10-day MA of $37.83 on a volume of 552K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.
Over the past year, Chicago Bridge & Iron has traded in a range of $31.30 to $59.45 and is now at $38.28, 22% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.9%.
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.
Keywords: moving crosses chicago bridge & iron