CBI Makes Notable Cross Below Critical Moving Average

By MarketNewsVideo.com,

Shutterstock photo

In trading on Thursday, shares of Chicago Bridge & Iron Co., N.V. (Symbol: CBI) crossed below their 200 day moving average of $77.45, changing hands as low as $76.52 per share. Chicago Bridge & Iron Co., N.V. shares are currently trading down about 5.2% on the day. The chart below shows the one year performance of CBI shares, versus its 200 day moving average: Chicago Bridge & Iron Co., N.V. 200 Day Moving Average Chart

Looking at the chart above, CBI's low point in its 52 week range is $56.04 per share, with $89.22 as the 52 week high point - that compares with a last trade of $76.39.

According to the ETF Finder at ETF Channel, CBI makes up 2.85% of the First Trust ISE Global Engineering and Construction Index Fund ETF (Symbol: FLM) which is trading relatively unchanged on the day Thursday.

Click here to find out which 9 other stocks recently crossed below their 200 day moving average »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Investing Ideas
Referenced Stocks: CBI , FLM

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