Cia de Saneamento Basico do Estado de Sao Paulo shares are trading on heavy volume today, having risen 7.7% to $10.16. Today's volume of 3.1 million shares tops the average 30-day volume of 1.9 million shares. Spikes in volume can validate a breakout or signify a potential turning point.
There is potential upside of 84.7% for shares of Cia de Saneamento Basico do Estado de Sao Paulo based on a current price of $10.16 and an average consensus analyst price target of $18.77. The stock should find resistance at its 200-day moving average (MA) of $13.11, as well as support at its 50-day MA of $9.64.
Over the past year, Cia de Saneamento Basico do Estado de Sao Paulo has traded in a range of $8.25 to $16.35 and is now at $10.16, 23% above that low. Over the past week, the 200-day moving average (MA) has gone down 0.5% while the 50-day MA has declined 0.6%.
Companhia de Saneamento Basico do Estado de Sao Paulo - SABESP collects, treats, and distributes water. The Company also engineers and constructs water distribution infrastructure and water treatment systems. SABESP operates in the Brazilian State of Sao Paulo.