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Cambrex Corp Breaks Above 200-Day Moving Average - Bullish for CBM

By Market News Video Staff, Thursday, July 7, 12:55 PM ET
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In trading on Thursday, shares of Cambrex Corp (NYSE:CBM) crossed above their 200 day moving average of $4.82, changing hands as high as $4.94 per share. Cambrex Corp shares are currently trading up about 4.6% on the day. The chart below shows the one year performance of CBM shares, versus its 200 day moving average:

Cambrex Corp 200 Day Moving Average Chart

Looking at the chart above, CBM's low point in its 52 week range is $3.00 per share, with $6.78 as the 52 week high point — that compares with a last trade of $4.94.

CBM operates in the Drugs & Pharmaceuticals sector, among companies like Watson Pharmaceuticals, Inc. (NYSE:WPI) which is off about 0.7% today, and Hospira Inc (NYSE:HSP) trading up by about 0.5%. Below is a three month price history chart comparing the stock performance of CBM, versus WPI and HSP.

CBM,WPI,HSP Relative Performance Chart


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This Article's Word Cloud:   Above   Average   Below   Cambrex   Corp   Hospira   Investment   Moving   NYSE   Pharmaceuticals   Portfolio   Their   about   above   allows   among   asset   average   bonds   chart   classes   companies   complete   completely   countries   currently   designed   growth   hands   high   history   leads   moving   operates   performance   point   portfolio   price   program   range   raquo   share   shares   short   stocks   terms   trading   versus   week   with
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