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Watch for Chicago Bridge & to Potentially Pullback After Gaining 3.64% Yesterday

By James Quinn

Chicago Bridge & (NYSE:CBI) traded in a range yesterday that spanned from a low of $17.50 to a high of $18.42. Yesterday, the shares gained 3.6%, which took the trading range above the 3-day high of $18.28 on volume of 2.7 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Chicago Bridge & and will alert subscribers who have CBI in their portfolio or watchlist when shares have changed trend direction.

Chicago Bridge & share prices have moved between a 52-week high of $39.71 and a 52-week low of $12.91 and are now trading 42% above that low price at $18.29 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has advanced 0.9%.

Keywords: rebounders chicago bridge &

Ticker(s): CBI