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Downtrend Call Working As BRF - Brasil Foods Stock Falls 28.8% (BRFS)

By Shiri Gupta

SmarTrend identified a Downtrend for BRF - Brasil Foods (NYSE:BRFS) on November 1st, 2016 at $16.34. In approximately 5 months, BRF - Brasil Foods has returned 28.79% as of today's recent price of $11.64.

BRF - Brasil Foods share prices have moved between a 52-week high of $22.35 and the current low of $10.60 and are currently at $11.64 per share. 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%.

BRF-Brasil Foods SA is a food processor in Latin America. The Company raises chickens to produce poultry products. Brasil Foods also processes frozen pastas, soybeans and their derivatives, and distributes frozen vegetables. The Company's core business is chilled and frozen food. The Company has offices in the Middle East, Asia, and Europe.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of BRF - Brasil Foods.

Log in and add BRF - Brasil Foods (BRFS) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

Keywords: spotlights brf - brasil foods

Ticker(s): BRFS