CBD Makes Notable Cross Below Critical Moving Average

In trading on Wednesday, shares of Companhia Brasileira de Distribuicao ( CBD) crossed below their 200 day moving average of $48.26, changing hands as low as $48.11 per share. Companhia Brasileira de Distribuicao shares are currently trading down about 1.5% on the day. The chart below shows the one year performance of CBD shares, versus its 200 day moving average:

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Companhia Brasileira de Distribuicao 200 Day Moving Average Chart

Looking at the chart above, CBD's low point in its 52 week range is $36.19 per share, with $57.30 as the 52 week high point — that compares with a last trade of $48.06.

CBD makes up 4.12% of the Consumer Services GEMS exchange-traded-fund ETF ( VGEM)
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