Downtrend Spotted in Shares of Cia de Bebidas das Americas (ABV)
Tuesday, February 16, 2010 - 16:04
Written on Tue, 02/16/2010 - 4:04pm
By Chip Brian

SmarTrend identified a Downtrend for Cia de Bebidas das Americas (NYSE:ABV) on January 26, 2010 at $97.28. In approximately 2 weeks, Cia de Bebidas das Americas has returned 5.1% as of today's recent price of $92.35.
Cia de Bebidas das Americas is currently below its 50-day moving average of $98.51 and should find support at its 200-day moving average of $81.66. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Cia de Bebidas das Americas.


Company Information For: ABV

Contact Chip Brian
Smartrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at http://www.mysmartrend.com/morning-call-newsletter-signup.