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Cia Brasileira de Distribuicao (CBD) Downgraded at JP Morgan

Written on Fri, 07/30/2010 - 11:55am
By Chip Brian

Cia Brasileira de Distribuicao (NYSE:CBD) downgraded to Neutral from Overweight at JP Morgan. The stock closed yesterday at $66.47 on volume of 713,400 shares, above the average daily volume of 312,721.
In the past 52-weeks, shares of Cia Brasileira de Distribuicao have traded between a low of $43.38 and a high of $79.16 and are now at $66.47, which is 53.2% above that low price.
Cia Brasileira de Distribuicao is currently below its 50-day moving average (MA) of $67.50 and below its 200-day MA of $68.40. In the last five trading sessions, the 50-day MA has climbed 0.77% while the 200-day MA has risen 0.36%.
Companhia Brasileira de Distribuicao Grupo Pao de Acucar operates in the foods, and non-food retail businesses. The Group's structure comprises of supermarkets, hypermarkets, electronics/household appliance stores, convenience stores, cash&carry (wholesale/retail), e-commerce operations and a wide distribution network.

Keywords: Stock Alerts price trends technical analysis charting uptrend downtrend stock charts

Ticker(s): CBD

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