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Shares of CBD Up 27.4% Since Uptrend Call on Shares
[April 03, 2012]

Shares of CBD Up 27.4% Since Uptrend Call on Shares

Apr 03, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified an Uptrend for Cia Brasileira de Distribuicao (NYSE:CBD) on December 1st, 2011 at $38.02. In approximately 4 months, Cia Brasileira de Distribuicao has returned 27.45% as of today's recent price of $48.45.

Cia Brasileira de Distribuicao share prices have moved between a 52-week high of $54.09 and a 52-week low of $30.03 and are now trading 61% above that low price at $48.45 per share. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has advanced 1.0%.

Companhia Brasileira de Distribuicao Grupo Pao de Acucar operates in the foods, and non-food retail businesses. The Group's structure comprises of supermarkets, hypermarkets, electronics/household appliance stores, convenience stores, cash&carry (wholesale/retail), e-commerce operations and a wide distribution network.


SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Cia Brasileira de Distribuicao shares.Log in and add Cia Brasileira de Distribuicao (CBD) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Write to Chip Brian at cbrian@mysmartrend.com --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup

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