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SBS Makes Notable Cross Below Critical Moving Average


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In trading on Wednesday, shares of Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP (Symbol: SBS) crossed below their 200 day moving average of $10.38, changing hands as low as $10.18 per share. Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP shares are currently trading off about 3.7% on the day. The chart below shows the one year performance of SBS shares, versus its 200 day moving average: Companhia de Saneamento Basico do Estado de Sao Paulo-SABESP 200 Day Moving Average Chart

Looking at the chart above, SBS's low point in its 52 week range is $8.15 per share, with $11.96 as the 52 week high point - that compares with a last trade of $10.19.

According to the ETF Finder at ETF Channel, SBS makes up 2.53% of the iShares Emerging Markets Infrastructure ETF (Symbol: EMIF) which is trading lower by about 1.2% on the day Wednesday.

Click here to find out which 9 other energy 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 , Commodities
Referenced Symbols: SBS , EMIF



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