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Shares of CBI Up 4.0% Since Uptrend Call on Shares

Nov 08, 2019 (SmarTrend(R) Spotlight via COMTEX) --

SmarTrend identified an Uptrend for Chicago Bridge & (NYSE:CBI) on May 1st, 2018 at $15.76. In approximately 19 months, Chicago Bridge & has returned 4.03% as of today's recent price of $16.39.

Over the past year, Chicago Bridge & has traded in a range of $15.60 to $17.04 and is now at $16.39, 5% above that low. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has remained constant.

Chicago Bridge & Iron Company N.V. provides designing, engineering, construction, fabrication, maintenance, and environmental services. The Company builds and repairs bulk liquid terminals, storage tanks, process vessels, and low temperature and cryogenic storage facilities. CB&I offers its services worldwide to the oil and gas, infrastructure, wastewater, and power industries.

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

Write to SmarTrend at cs@mysmartrend.com

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