Shares of CB Richard Ellis Group (NYSE:CBG) traded at a new 52-week high today of $15.88. Approximately 1 million shares have traded hands today vs. average 30-day volume of 3 million shares.
CB Richard Ellis Group is currently trading at $15.73, approximately 26.1% above its 50-day moving average of $13.43. SmarTrend will be monitoring shares of CBG to see if this bullish momentum will continue.
SmarTrend is bullish on shares of CB Richard Ellis Group and our subscribers were alerted to Buy on December 14, 2009 at $12.48. The stock has risen 26.1% since the alert was issued.
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