PBR Makes Bullish Cross Above Critical Moving Average

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In trading on Wednesday, shares of Petroleo Brasileiro S.A. (Symbol: PBR) crossed above their 200 day moving average of $13.85, changing hands as high as $13.95 per share. Petroleo Brasileiro S.A. shares are currently trading up about 3.8% on the day. The chart below shows the one year performance of PBR shares, versus its 200 day moving average: Petroleo Brasileiro S.A. 200 Day Moving Average Chart

Looking at the chart above, PBR's low point in its 52 week range is $10.20 per share, with $19.65 as the 52 week high point - that compares with a last trade of $13.71.

According to the ETF Finder at ETF Channel, PBR makes up 2.43% of the Guggenheim BRIC ETF (Symbol: EEB) which is trading up by about 0.9% on the day Wednesday.

Click here to find out which 9 other energy stocks recently crossed above their 200 day moving average »




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Commodities

Referenced Stocks: PBR , EEB

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As of 5/28/2015, 04:15 PM


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