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BRF - Brasil Foods Crosses Above its 10-day MA (BRFS)

By Amy Schwartz

Today, shares of BRF - Brasil Foods (NYSE:BRFS) have crossed bullishly above their 10-day moving average of $13.16 on a volume of 198K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

BRF - Brasil Foods share prices have moved between a 52-week high of $22.35 and a 52-week low of $11.05 and are now trading 22% above that low price at $13.51 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 1.1%.

SmarTrend is monitoring the recent change of momentum in BRF - Brasil Foods. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of BRF - Brasil Foods in search of a potential trend change.

Keywords: moving crosses brf - brasil foods

Ticker(s): BRFS