Daily Stock Setups

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

Posted on: Wed, 04 Nov 2009 15:13:00 EST

Symbols: PBR

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Nov 04, 2009 (SmarTrend(R) Spotlight via COMTEX) --
PBR | Quote | Chart | News | PowerRating -- 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

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For full details on Petroleo Brasileiro S.A. Petrobras ADS (PBR) PBR. Petroleo Brasileiro S.A. Petrobras ADS (PBR) has Short Term PowerRatings at TradingMarkets. Details on Petroleo Brasileiro S.A. Petrobras ADS (PBR) Short Term PowerRatings is available at This Link.

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