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BRF - Brasil Foods Set to Possibly Rebound After Yesterday's Selloff of 11.21%

By Nick Russo

BRF - Brasil Foods (NYSE:BRFS) traded in a range yesterday that spanned from a low of $11.50 to a high of $13.07. Yesterday, the shares fell 11.2%, which took the trading range below the 3-day low of $13.20 on volume of 3.4 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

Over the past year, BRF - Brasil Foods has traded in a range of $10.60 to $22.35 and is now at $11.68, 10% above that low. 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 is tracking the current trend status for BRF - Brasil Foods and will alert subscribers who have BRFS in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders brf - brasil foods

Ticker(s): BRFS