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

By Shiri Gupta

Empresa Brasileira de Aeronautica (NYSE:ERJ) shares have crossed bearishly below their 10-day moving average of $21.30 on a volume of 186K shares. This may provide short-term investors a chance for a short position, as such a crossover often suggests lower 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 $20.56 and are now trading 2% above that low price at $21.06 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 recommended that its subscribers protect gains by selling shares of Empresa Brasileira de Aeronautica on March 3rd, 2016 by issuing a Downtrend alert when the shares were trading at $26.99. Since that call, shares of Empresa Brasileira de Aeronautica have fallen 19.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses empresa brasileira de aeronautica

Ticker(s): ERJ