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Bearish Two Hundred Day Moving Average Cross - ABH

By Market News Video Staff, Wednesday, July 20, 11:22 AM ET
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In trading on Wednesday, shares of AbitibiBowater Inc (NYSE:ABH) crossed below their 200 day moving average of $19.24, changing hands as low as $19.15 per share. AbitibiBowater Inc shares are currently trading down about 1.8% on the day. The chart below shows the one year performance of ABH shares, versus its 200 day moving average:

AbitibiBowater Inc 200 Day Moving Average Chart

Looking at the chart above, ABH's low point in its 52 week range is $19.15 per share, with $30.54 as the 52 week high point — that compares with a last trade of $19.18.

ABH operates in the Paper & Forest Products sector, among companies like Orient Paper Inc (AMEX:ONP) which is down about 1.4% today, and Verso Paper Corp (NYSE:VRS) trading lower by about 1.1%. Below is a three month price history chart comparing the stock performance of ABH, versus ONP and VRS.

ABH,ONP,VRS Relative Performance Chart


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This Article's Word Cloud:   AMEX   AbitibiBowater   Average   Below   Investment   Moving   NYSE   PORTFOLIO   Paper   Portfolio   Wednesday   about   above   allows   among   asset   average   below   bonds   chart   classes   companies   completely   countries   currently   designed   down   growth   hands   history   leads   moving   operates   performance   point   portfolio   price   range   raquo   share   shares   short   slideshow   stocks   terms   trading   versus   week   with   year
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