Petroleo Brasileiro: New 52-Week Low Set Today (PBR)
Petroleo Brasileiro (NYSE:PBR) traded today at a new 52-week low of $11.56. Approximately 12.1 million shares have changed hands today, as compared to an average 30-day volume of 15.7 million shares.
Petroleo Brasileiro share prices have moved between a 52-week high of $20.19 and the current low of $11.56 and are currently at $11.58 per share. In the last five trading sessions, the 50-day moving average (MA) has fallen 2.4% while the 200-day MA has slid 0.6%.
Petroleo Brasileiro S.A. - Petrobras explores for and produces oil and natural gas. The Company refines, markets, and supplies oil products. Petrobras operates oil tankers, distribution pipelines, marine, river and lake terminals, thermal power plants, fertilizer plants, and petrochemical units. The Company operates in South America and elsewhere around the world.
There is potential upside of 68.4% for shares of Petroleo Brasileiro based on a current price of $11.58 and an average consensus analyst price target of $19.50. The stock should run into initial resistance at its 50-day moving average (MA) of $14.17 and subsequent resistance at its 200-day MA of $15.33.
SmarTrend recommended that its subscribers protect gains by selling shares of Petroleo Brasileiro on December 2nd, 2013 by issuing a Downtrend alert when the shares were trading at $14.25. Since that call, shares of Petroleo Brasileiro have fallen 17.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.
Keywords: 52 week high/lows Petroleo Brasileiro