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Cia Brasileira de Distribuicao Crosses Above its 10-day MA (CBD)

By Nick Russo

Today, shares of Cia Brasileira de Distribuicao (NYSE:CBD) have advanced above their 10-day MA of $16.60 on a volume of 1.6 million 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.

Cia Brasileira de Distribuicao share prices have moved between a 52-week high of $33.70 and a 52-week low of $8.00 and are now trading 109% above that low price at $16.73 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 2.2% while the 200-day MA has slid 1.3%.

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