SmarTrend Vindicated on Cia de Bebidas das Americas Downtrend Call: Stock Price Down 3.1% (ABV)

SmarTrend identified a Downtrend for Cia de Bebidas das Americas ABV on July 12, 2011 at $32.02. In approximately 2 weeks, Cia de Bebidas das Americas has returned 3.1% as of today's recent price of $31.02.

In the past 52 weeks, shares of Cia de Bebidas das Americas have traded between a low of $20.50 and a high of $34.68 and are now at $31.02, which is 51% above that low price.

Cia de Bebidas das Americas is currently below its 50-day moving average of $31.94 and should find support at its 200-day moving average of $29.41. Look for these moving averages to decline to confirm the company's downward momentum.

In the last five trading sessions, the 50-day MA has remained constant while the 200-day MA has risen 0.3%.

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.

Write to Chip Brian at cbrian@mysmartrend.com

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