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CBD Makes Notable Cross Below Critical Moving Average
Tuesday, November 13, 11:11 AM ET, by Market News Video Staff

In trading on Tuesday, shares of Companhia Brasileira de Distribuicao (CBD) crossed below their 200 ...

CBD Makes Notable Cross Below Critical Moving Average
Monday, December 10, 11:01 AM ET, by Market News Video Staff

In trading on Monday, shares of Companhia Brasileira de Distribuicao (CBD) crossed below their 200 ...

September 20th Options Now Available For Companhia Brasileira de Distribuicao (CBD)
Tuesday, January 22, 11:35 AM ET, by Market News Video Staff

Investors in Companhia Brasileira de Distribuicao (CBD) saw new options become available today, for the ...

December 20th Options Now Available For Companhia Brasileira de Distribuicao (CBD)
Friday, April 26, 10:48 AM ET, by Market News Video Staff

Investors in Companhia Brasileira de Distribuicao (CBD) saw new options begin trading today, for the ...

Companhia Brasileira de Distribuicao Breaks Below 200-Day Moving Average - Notable for CBD
Wednesday, May 8, 3:59 PM ET, by Market News Video Staff

In trading on Wednesday, shares of Companhia Brasileira de Distribuicao (CBD) crossed below their 200 ...

Companhia Brasileira de Distribuicao Becomes Oversold (CBD)

By Market News Video Staff, Wednesday, August 14, 4:30 PM ET
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Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.

In trading on Wednesday, shares of Companhia Brasileira de Distribuicao (NYSE:CBD) entered into oversold territory, hitting an RSI reading of 27.4, after changing hands as low as $20.96 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 39.0. A bullish investor could look at CBD's 27.4 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of CBD shares:

Companhia Brasileira de Distribuicao 1 Year Performance Chart

Looking at the chart above, CBD's low point in its 52 week range is $17.91 per share, with $26.81 as the 52 week high point — that compares with a last trade of $21.00. Find out what 9 other oversold stocks you need to know about »


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Companhia Brasileira de Distribuicao Becomes Oversold (CBD) | Market News Video | Copyright © 2008 - 2019, All Rights Reserved

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