Email of the day (1)
"Please add AMBEV to the Chart Library. AMBEV (Companhia de Bebidas das Américas) has both Brazilian (AMBV3 and AMBV4) and US listings. The US quote price about USD 140. Thanks so much"
Eoin Treacy's view Thank you for this suggestion. AMBV4
and the US listed ADR (ABV) are both already
in the Chart Library. The group parent company Anheuser Busch InBev, listed
in Belgium, can also be found in the Chart Library.
The ADR
accelerated higher, following the successful break above $100, helped by the
weakness of the US Dollar. It is in the process of posting a weekly key reversal
which raises the potential that a reversion towards the 200-day MA may be commencing.
The Brazilian
listing share has also rallied impressively over the last 10 weeks and shares
the weekly key reversal characteristic from what is a relatively overextended
condition. This also makes the likelihood of a mean reversion towards the 200-day
MA more likely.
Anheuser-Busch
InBev, listed in Belgium has trended impressively higher over the last two
years, posting a rivetingly consistent progression of higher reaction lows.
A sustained move below €40 would be required to question the medium-term
uptrend.