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After Yesterday's Decline of 1.35%, BRF - Brasil Foods Offers Investors Better Value

By Shiri Gupta

BRF - Brasil Foods (NYSE:BRFS) traded in a range yesterday that spanned from a low of $10.60 to a high of $11.94. Yesterday, the shares fell 1.4%, which took the trading range below the 3-day low of $11.77 on volume of 3.5 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, BRF - Brasil Foods share prices have been bracketed by a current low of $10.60 and a high of $22.35 and are now at $11.64. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has declined 0.3%.

SmarTrend recommended that its subscribers protect gains by selling shares of BRF - Brasil Foods on November 1st, 2016 by issuing a Downtrend alert when the shares were trading at $16.34. Since that call, shares of BRF - Brasil Foods have fallen 27.7%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: rebounders brf - brasil foods

Ticker(s): BRFS