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Petrobras Energia Participaciones Rising Today on Above-Average Volume (PZE)

By Amy Schwartz

Petrobras Energia Participaciones's stock is up 1.8% to $6.80 on heavy trading volume. About 488,000 shares have been traded today, as compared to the 30-day average volume of 210,000 shares. Unusually high volume can signify a potential turning point or validate a breakout.

SmarTrend recommended that subscribers consider buying shares of Petrobras Energia Participaciones on January 28th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $6.07. Since that recommendation, shares of Petrobras Energia Participaciones have risen 10.0%. We continue to monitor PZE for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

In the past 52 weeks, Petrobras Energia Participaciones share prices have been bracketed by a low of $4.69 and a high of $7.60 and are now at $6.80, 45% above that low price. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.2%.

Keywords: unusual volume petrobras energia participaciones

Ticker(s): PZE