Shares of Cia de Bebidas das Americas (NYSE:ABV) traded at a new 52-week high today of $46.82. Approximately 1.5 million shares have changed hands today, as compared to an average 30-day volume of 1.8 million shares.

In the past 52 weeks, shares of Cia de Bebidas das Americas have traded between a low of $35.44 and a high of $46.82 and are now at $46.59, which is 31% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has risen 0.2%.

Cia de Bebidas das Americas (NYSE:ABV) is currently priced 6.5% above its average consensus analyst price target of $43.56. The stock should find initial support at its 50-day moving average (MA) of $42.47 and further support at its 200-day MA of $39.78.

Companhia de Bebidas das Americas (AmBev) produces beer, soft drinks, teas, mineral water, and sports drinks. The Company's main brands are Antarctica, Brahma, and Skol. AmBev is the sole distributor of Pepsi products in Brazil.

SmarTrend is tracking the current trend status for Cia de Bebidas das Americas and will alert subscribers who have ABV in their portfolio or watchlist when shares have changed trend direction.