• Return to Headlines

After Yesterday's Decline of 17.21%, Cia Brasileira de Distribuicao Offers Investors Better Value

By Shiri Gupta

Cia Brasileira de Distribuicao (NYSE:CBD) traded in a range yesterday that spanned from a low of $18.79 to a high of $21.62. Yesterday, the shares fell 17.2%, which took the trading range below the 3-day low of $23.71 on volume of 1.2 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, shares of Cia Brasileira de Distribuicao have traded between a low of $8.00 and a high of $33.70 and are now at $19.71, which is 146% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has advanced 2.2%.

SmarTrend recommended that subscribers consider buying shares of Cia Brasileira de Distribuicao on December 29th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $16.65. Since that recommendation, shares of Cia Brasileira de Distribuicao have risen 42.8%. We continue to monitor CBD for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders cia brasileira de distribuicao

Ticker(s): CBD