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Closing Out Our Long Idea In CBRE Group (CBG)

Posted on: Monday, February 27th, 2017

CBRE Group (CBG) traded as high as 36.09 last week, on Tuesday February 21st, to get within $0.41 or 1% of our $36.50 per share target first mentioned in our January 26th Asbury Alert entitled CBRE Group, Inc. (CBG) Resuming Its November Advance, before stalling into Friday’s session.

Considering current market conditions, we are closing out our long idea in CBG on the open today (February 27th).  Based on Friday’s closing price, this would capture a 14% gain in about 3 weeks.

Here is the chart from our January 26th report.

CBG daily: April 2016 through January 26th

Here is the updated version of that chart through Friday February 25th.

CBG daily: April 2016 through January 26th

 

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