Bearish Moving Average Cross by BRF - Brasil Foods (BRFS)
Today, shares of BRF - Brasil Foods (NYSE:BRFS) have fallen below their 10-day MA of $22.34 on a volume of 328K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower prices in the near term.
In the past 52 weeks, BRF - Brasil Foods share prices have been bracketed by a low of $13.61 and a high of $22.81 and are now at $21.96, 61% above that low price. The 200-day and 50-day moving averages have moved 0.30% higher and 1.38% higher over the past week, respectively.
SmarTrend recommended that subscribers consider buying shares of BRF - Brasil Foods on August 17th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.23. Since that recommendation, shares of BRF - Brasil Foods have risen 48.7%. 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