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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 ยป

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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