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Petroleo Brasileiro: The Trend Continues Higher (PBR.A)

Written on Wed, 03/10/2010 - 5:03pm
By Chip Brian

SmarTrend identified an Uptrend for Petroleo Brasileiro (NYSE:PBR.A) on February 17, 2010 at $37.27. In approximately 3 weeks, Petroleo Brasileiro has returned 11.8% as of today's recent price of $41.68.
Petroleo Brasileiro is currently above its 50-day moving average of $39.12 and above its 200-day moving average of $37.99. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Petroleo Brasileiro shares.

Keywords: Stock Alerts price trends technical analysis charting uptrend downtrend stock charts

Ticker(s): PBR.A

Contact Chip Brian



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