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Chicago Bridge & Iron Crosses Below its 10-day MA (CBI)

By Amy Schwartz

Chicago Bridge & Iron (NYSE:CBI) crossed under its 10-day moving average of $37.97 on a volume of 749K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower 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 $36.64, 17% above that low. Over the last five market days, 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

Ticker(s): CBI