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Bullish Moving Average Cross by Empresa Brasileira de Aeronautica (ERJ)

By Shiri Gupta

Empresa Brasileira de Aeronautica (NYSE:ERJ) shares have crossed bullishly above their 10-day moving average of $24.59 on a volume of 139K shares. Swing traders may find an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Empresa Brasileira de Aeronautica share prices have been bracketed by a low of $23.15 and a high of $32.79 and are now at $24.88, 7% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has declined 0.9%.

SmarTrend is tracking the current trend status for Empresa Brasileira de Aeronautica and will alert subscribers who have ERJ in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses empresa brasileira de aeronautica

Ticker(s): ERJ