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Shares of CBD Up 22.5% Since Uptrend Call on Shares

By Nick Russo

SmarTrend identified an Uptrend for Cia Brasileira de Distribuicao (NYSE:CBD) on December 29th, 2016 at $16.65. In approximately 4 months, Cia Brasileira de Distribuicao has returned 22.50% as of today's recent price of $20.39.

Cia Brasileira de Distribuicao share prices have moved between a 52-week high of $33.70 and a 52-week low of $8.00 and are now trading 155% above that low price at $20.39 per share. Over the past week, the 200-day moving average (MA) has gone down 1.3% while the 50-day MA has advanced 2.2%.

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.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Cia Brasileira de Distribuicao shares.

Log in and add Cia Brasileira de Distribuicao (CBD) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights cia brasileira de distribuicao

Ticker(s): CBD