Petroleo Brasileiro: The Trend Continues Higher (PBR.A)
Wednesday, March 10, 2010 - 18:03
Written on Wed, 03/10/2010 - 6:03pm
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.

Contact Chip Brian
Smartrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.mysmartrend.com.

Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at http://www.mysmartrend.com/morning-call-newsletter-signup.