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Bullish Moving Average Cross by BRF - Brasil Foods (BRFS)

By David Diaz

Today, shares of BRF - Brasil Foods (NYSE:BRFS) have advanced above their 10-day MA of $15.63 on a volume of 712K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, BRF - Brasil Foods has traded in a range of $11.05 to $22.35 and is now at $16.19, 47% above that low. 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 recommended that subscribers consider buying shares of BRF - Brasil Foods on July 7th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $14.63. Since that recommendation, shares of BRF - Brasil Foods have risen 5.5%. 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

Ticker(s): BRFS