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Empresa Brasileira de Aeronautica Crosses Above its 10-day MA (ERJ)

By Shiri Gupta

Empresa Brasileira de Aeronautica (NYSE:ERJ) shares have crossed bullishly above their 10-day moving average of $19.17 on a volume of 154K 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.

Over the past year, Empresa Brasileira de Aeronautica has traded in a range of $17.06 to $32.79 and is now at $19.39, 14% above that low. Over the past week, 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