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Shares of Empresa Brasileira de Aeronautica Fall Below Previous 52-Week Low

By Nick Russo

Shares of Empresa Brasileira de Aeronautica (NYSE:ERJ) traded today at $18.81, breaking its 52-week low. Approximately 1 million shares have changed hands today, as compared to an average 30-day volume of 1.1 million shares.

Empresa Brasileira de Aeronautica (NYSE:ERJ) has potential upside of 81.3% based on a current price of $18.88 and analysts' consensus price target of $34.22. The stock should run into initial resistance at its 50-day moving average (MA) of $25.27 and subsequent resistance at its 200-day MA of $27.37.

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.

In the past 52 weeks, Empresa Brasileira de Aeronautica share prices have been bracketed by a current low of $18.81 and a high of $32.79 and are now at $18.88. 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 21.4%. 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