Grupo Comercial Chedraui (OTCMKTS:GCHEF) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of Grupo Comercial Chedraui, S.A.B. de C.V. (OTCMKTS:GCHEF – Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $5.64 and traded as low as $5.20. Grupo Comercial Chedraui shares last traded at $5.20, with a volume of 100 shares trading hands.

Grupo Comercial Chedraui Price Performance

The company’s 50-day simple moving average is $5.21 and its 200-day simple moving average is $5.64.

Grupo Comercial Chedraui Company Profile

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Grupo Comercial Chedraui, SAB. de C.V. (OTCMKTS:GCHEF) is a Mexico‐based retail company that operates a network of supermarkets and department stores. The company’s core business centers on the sale of groceries, household items, apparel and general merchandise to both urban and suburban customers. Through its primary Chedraui banner, it offers a range of private-label and national brands, including fresh produce, meat and bakery products, as well as electronics and home furnishings.

In addition to its operations in Mexico, Grupo Comercial Chedraui has pursued a strategic presence in the United States under the El Super and Fiesta banners.

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