Markets

Banco Santander Brasil Breaks Above 200-Day Moving Average - Bullish for BSBR

In trading on Monday, shares of Banco Santander Brasil SA (Symbol: BSBR) crossed above their 200 day moving average of $5.94, changing hands as high as $5.95 per share. Banco Santander Brasil SA shares are currently trading up about 4% on the day. The chart below shows the one year performance of BSBR shares, versus its 200 day moving average:

Banco Santander Brasil SA 200 Day Moving Average Chart

Looking at the chart above, BSBR's low point in its 52 week range is $4.48 per share, with $7.63 as the 52 week high point - that compares with a last trade of $5.91.

According to the ETF Finder at ETF Channel, BSBR makes up 9.77% of the Brazil Financials ETF (Symbol: BRAF) which is trading higher by about 3.2% on the day Monday.

Click here to find out which 9 other dividend 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 Nasdaq, Inc.


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

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