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BRF - Brasil Foods Declining With Trend-Confirming Volume (BRFS)

By Shiri Gupta

The price of BRF - Brasil Foods shares has slipped to $11.53 (a 2.4% change) on heavy trading volume. About 2.3 million shares have been traded today, as compared to the 30-day average volume of 1.5 million shares. Spikes in volume can validate a breakout or signify a potential turning point.

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.

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 $11.24. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.3% while the 200-day MA has slid 1.1%.

Keywords: unusual volume brf - brasil foods

Ticker(s): BRFS