Ads by Google

Petroleo Brasileiro (PBR) Bullish Technical Alert - Trend Up 16.3%

Nov 04, 2009 (SmarTrend(R) Spotlight via COMTEX) --

Company: Petroleo Brasileiro SA Petrobras (PBR)

Petroleo Brasileiro (NYSE:PBR) is trading 1.5% higher (up $0.70 to $48.00) today on volume of 6,055,141 shares. The stock is trading near its 52-week high of $51.67. We are watching for a close above that level.

Petroleo Brasileiro is currently above its 50-day moving average of $45.58 and above its 200-day moving average of $38.09.

SmarTrend is bullish on shares of PBR and our subscribers received an Uptrend alert on July 20, 2009 at $41.25, which has returned 16.3% to date.

Write to Chip Brian at cbrian@tradethetrend.com

---------------------------------------------------------------------------------------------

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.TradeTheTrend.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.TradeTheTrend.com/signup.html

Copyright (C) 2009 Comtex SmarTrend(R). All rights reserved

News Provided by COMTEX

Company: Petroleo Brasileiro SA Petrobras (PBR)


Related terms: market, nyse, securities

Related Articles

Petroleo Brasileiro (PBR) Bullish Technical Alert - Trend Up 23.5% - Zibb.com
Nov 10, 2009
Petroleo Brasileiro (PBR) Bullish Technical Alert - Trend Up 23.5% Petroleo Brasileiro (NYSE:PBR) is trading 0.1% higher (up $0...Brasileiro is currently above its 50-day moving average of $45.98 and above its 200-day...

Supply chain management/technology: Third quarter microchip sales on rebound
Nov 2, 2009
...increase of 8.2 percent from August when sales were $19.1 billion. All monthly sales numbers represent a three-month moving average of global semiconductor sales. “Amid signs that we are in the early stages of recovery in the global economy, semiconductor...

ITW reports operating revenue decrease of 18 percent
Nov 16, 2009
...such as automotive and construction, according to the company.. On a segment basis, here is ITW's three-month moving average percentage change for operating revenues, comprised of base revenues, acquisitions/divestitures and currency translation...

Versus-DirecTV Remain At Distribution Impasse
Nov 7, 2009
...to become the official satellite television partner of the PBR Versus president Jamie Davis would only say that "Dish has...As for the bulls, viewership of the first weekend of the 2009 PBR Finals on Oct. 31 and Nov. 1 jumped 141% and 103% over the...