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Empresa Brasileira de Aeronautica Bullish Moving Average Crossover Alert (ERJ)

By Shiri Gupta

Empresa Brasileira de Aeronautica (NYSE:ERJ) shares have crossed bullishly above their 10-day moving average of $18.74 on a volume of 451K 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.

Empresa Brasileira de Aeronautica share prices have moved between a 52-week high of $32.79 and a 52-week low of $17.15 and are now trading 10% above that low price at $18.92 per share. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 2.2%.

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