[May 18, 2012] Downtrend Call Working As CB Richard Ellis Group Stock Falls 16.1% (CBG) Tweet May 18, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for CB Richard Ellis Group (NYSE:CBG) on April 4th, 2012 at $19.07. In approximately 1 month, CB Richard Ellis Group has returned 16.08% as of today's recent price of $16.00. Over the past year, CB Richard Ellis Group has traded in a range of $12.30 to $27.22 and is now at $16.00, 30% above that low. The 200-day and 50-day moving averages have moved 0.59% lower and 0.77% lower over the past week, respectively. CB Richard Ellis Group, Inc. is a global commercial real estate services firm. The Company offers a range of services to occupiers, owners, lenders, and investors in office, retail, industrial, multi-family, and other commercial real estate assets. CB Richard Ellis offer services such as advice and execution assistance for property leasing and sales, forecasting, and valuations. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of CB Richard Ellis Group. Log in and add CB Richard Ellis Group (CBG) 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 [email protected] --------------------------------------------------------------------------------------------- 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 [ Back To TMCnet.com's Homepage ]