Trade Update – Embraer

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On November 1 we highlighted the late to the party downgrades coming from the street after Embraer ( ERJ , quote) missed on despite a fantastic quarter and record profits.

Embraer_Super_Tucano_on_Patrol_over_the_skies_of_the_Dominican The trading call was to build around the fact that the stock had already sold off more than 20% from the highs in July after they reported a great 2Q and saw upgrades.

Since our call the stock is +9% and running into some short-term resistance at the 20 day moving average.


Embraer would be a long term holding in any global emerging market portfolio we construct and can be traded and treated as such.

However in the short-term watch $32.75 to $33.00 as a key level where the stock may struggle before rebuilding upward momentum.

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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 , International , Stocks

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