Cosan: New 52-Week Low Set Today (CZZ)
Shares of Cosan (NYSE:CZZ) traded today at $6.59, breaking its 52-week low. So far today approximately 87,000 shares have been exchanged, as compared to an average 30-day volume of 1.8 million shares.
Cosan share prices have moved between a 52-week high of $14.79 and the current low of $6.59 and are currently at $6.59 per share. Over the past week, the 200-day moving average (MA) has gone down 1% while the 50-day MA has declined 3.5%.
Cosan (NYSE:CZZ) has potential upside of 137.0% based on a current price of $6.59 and analysts' consensus price target of $15.62. Cosan shares should first meet resistance at the 50-day moving average (MA) of $9.61 and find additional resistance at the 200-day MA of $11.71.
Cosan Limited produces ethanol and sugar. The Company operates mills, refineries, port facilities and numerous warehouses throughout Brazil.
SmarTrend recommended that its subscribers protect gains by selling shares of Cosan on September 11th, 2014 by issuing a Downtrend alert when the shares were trading at $13.10. Since that call, shares of Cosan have fallen 48.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: 52 week high/lows Cosan