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SmarTrend identified a Downtrend for Cia de Bebidas das Americas (NYSE: 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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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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