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Cambrex Corp Has Returned 24.9% Since SmarTrend Recommendation (CBM)

By Shiri Gupta

SmarTrend identified a Downtrend for Cambrex Corp (NYSE:CBM) on October 10th, 2018 at $62.41. In approximately 2 months, Cambrex Corp has returned 24.94% as of today's recent price of $46.84.

Over the past year, Cambrex Corp has traded in a range of $44.92 to $69.42 and is now at $46.84, 4% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.7% while the 200-day MA has remained constant.

Cambrex Corp. supplies products, services, and technologies for the Life Sciences and fine chemicals industry. The Company builds platforms for use in manufacturing small molecule Active Pharmaceutical Ingredients (APIs) and pharmaceutical intermediates including drug delivery. Cambrex's services include process & analytical development, scale-up in addition to generic APIs.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Cambrex Corp.

Log in and add Cambrex Corp (CBM) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights cambrex corp

Ticker(s): CBM