Chicago Bridge & Iron Company N.V. (CBI) has been under a strong bear grip, hence the stock is down -5.21% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 4.97% in the past 1 week. The stock has risen by 5.14% in the past week indicating that the buyers are active at lower levels, but the stock is down -5.72% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.08% and the 50-Day Moving Average is 10.25%.The 200 Day SMA reached 20.29%
Chicago Bridge & Iron Company N.V. (NYSE:CBI): After opening at $27.98, the stock dipped to an intraday low of $27.63 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $28.19 and the buying power remained strong till the end. The stock closed at $28.03 for the day, a gain of 1.08% for the day session. The total traded volume was 1,702,588. The stocks close on the previous trading day was $28.03.
Chicago Bridge & Iron Company N.V. (CBI) : Currently there are 9 street experts covering Chicago Bridge & Iron Company N.V. (CBI) stock. The most bullish and bearish price target for the stock is $49 and $20 respectively for the short term. The average price target of all the analysts comes to $38.11. The estimated standard deviation from the target is $8.54.
Chicago Bridge and Iron Company N.V. (CBandI) provides a range of services to customers in the energy infrastructure market across the world. The Company also provides various Government services. CBandI operates through four segments: Engineering, Construction and Maintenance, which provides engineering, procurement and construction (EPC) services for energy infrastructure facilities, as well as integrated maintenance services; Fabrication Services, which provides fabrication of piping systems, process and nuclear modules; fabrication and erection of steel plate structures, and manufacturing and distribution of pipe and fittings for various industries, such as oil and gas, mining, mineral processing and power generation; Technology, which provides licensed process technologies, catalysts and engineered products, and offers process planning and project development services, and Environmental Solutions, which provides environmental services for Government and private sector customers.