Grupo Comercial Chedraui (OTCMKTS:GCHEF) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Grupo Comercial Chedraui, S.A.B. de C.V. (OTCMKTS:GCHEF)’s share price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.27 and traded as low as $5.93. Grupo Comercial Chedraui shares last traded at $5.93, with a volume of 500 shares.

Grupo Comercial Chedraui Price Performance

The company has a 50-day moving average price of $6.73 and a 200 day moving average price of $7.24.

About Grupo Comercial Chedraui

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.