Is This the Top for Companhia Brasileira de Distrib. (CBD)

Zacks

Companhia Brasileira de Distrib. (CBD) has moved higher as of late, but there could definitely be trouble on the horizon for this company. That is because CBD is now in overbought territory with an RSI value of 74.2. Furthermore, estimates for the Companhia Brasileira de Distrib. have been coming down, pushing it to a Zacks Rank #4 (Sell). This suggests that investors may better off exiting this stock before it falls back to Earth.




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