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Chicago Bridge & Up on Heavy Volume in Possible Trend Reversal (CBI)

By David Diaz

Shares of Chicago Bridge & are trading today in above average volume, with the share price rising 8.3% to $15.31. Today's volume of 8.6 million shares tops the average 30-day volume of 1.4 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

SmarTrend recommended that its subscribers protect gains by selling shares of Chicago Bridge & on March 2nd, 2018 by issuing a Downtrend alert when the shares were trading at $17.17. Since that call, shares of Chicago Bridge & have fallen 17.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Over the past year, Chicago Bridge & has traded in a range of $9.55 to $39.71 and is now at $14.18, 48% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.9%.

Keywords: unusual volume chicago bridge &

Ticker(s): CBI