Bearish Moving Average Cross by BRF - Brasil Foods (BRFS)
BRF - Brasil Foods (NYSE:BRFS) crossed under its 10-day moving average of $14.66 on a volume of 516K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, shares of BRF - Brasil Foods have traded between a low of $11.05 and a high of $22.35 and are now at $14.55, which is 32% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.0% while the 200-day MA has slid 0.5%.
SmarTrend recommended that subscribers consider buying shares of BRF - Brasil Foods on February 4th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.93. Since that recommendation, shares of BRF - Brasil Foods have risen 18.6%. We continue to monitor BRFS for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: moving crosses brf - brasil foods