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Recent 52-Week Low Surpassed in Shares of Empresa Brasileira de Aeronautica (ERJ)

By Shiri Gupta

Empresa Brasileira de Aeronautica (NYSE:ERJ) traded at a new 52-week low today of $21.32. So far today approximately 86,000 shares have been exchanged, as compared to an average 30-day volume of 1.1 million shares.

There is potential upside of 59.9% for shares of Empresa Brasileira de Aeronautica based on a current price of $21.40 and an average consensus analyst price target of $34.22. The stock should find initial resistance at its 50-day moving average (MA) of $25.27 and further resistance at its 200-day MA of $27.37.

In the past 52 weeks, Empresa Brasileira de Aeronautica share prices have been bracketed by a current low of $21.32 and a high of $32.79 and are now at $21.40. 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%.

Empresa Brasileira de Aeronautica S.A. (Embraer) manufactures and markets commercial, corporate, and defense aircraft. The Company also provides maintenance and repair services and markets spare parts for its jets. Embraer markets its aircraft to commercial airlines mainly in the United States and Europe and to governments in Europe and Latin America.

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 19.9%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: 52 week high/lows empresa brasileira de aeronautica

Ticker(s): ERJ