Brahma

Cia de Bebidas das Americas Bearish Moving Average Crossover Alert (ABV)

Today, shares of Cia de Bebidas das Americas (NYSE:ABV) have fallen below their 10-day MA of $36.86 on a volume of 880K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.

Companhia de Bebidas das Americas (AmBev) produces beer, soft drinks, teas, mineral water, and sports drinks. the Company’s main brands are Antarctica, Brahma, and Skol. AmBev is the sole distributor of Pepsi products in Brazil.

In the past 52 weeks, shares of Cia de Bebidas das Americas have traded between a low of $25.59 and a high of $37.50 and are now at $36.62, which is 43% above that low price. the 200-day and 50-day moving averages have moved 0.47% higher and 0.82% higher over the past week, respectively.

There is potential upside of 4.7% for shares of Cia de Bebidas das Americas based on a current price of $36.62 and an average consensus analyst price target of $38.36. the stock should discover initial support at its 50-day moving average (MA) of $35.12 and subsequent support at its 200-day MA of $32.84.