BRF S.A. (BRFS) Shares are Up 2.39%

BRF S.A. (BRFS) : Traders are bullish on BRF S.A. (BRFS) as it has outperformed the S&P 500 by a margin of 15.5% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.77%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.39% in the last 1 week, and is up 23.31% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

BRF S.A. (NYSE:BRFS): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $15.79 and $15.60 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $15.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $15.82, notching a gain of 2.66% for the day. The total traded volume was 1,302,530 . The stock had closed at $15.41 on the previous day.


The stock has recorded a 20-day Moving Average of 9.11% and the 50-Day Moving Average is 15.9%. BRF S.A. is up 19.87% in the last 3-month period. Year-to-Date the stock performance stands at 16.21%.

BRF SA (BRF) is a Brazil-based food company. The Company produces fresh and frozen protein foods, margarine, sweet specialties, sandwiches, mayonnaise and animal feed and markets these products under Sadia, Perdigao and Qualy brands. The Company operates in three segments: domestic market (Brazil), which includes the Companys sales executed in Brazil, except those relating to products in the food service channel; foreign (international) markets (that are divided into four regions: Middle East and Africa; Europe and Eurasia; Asia and the Americas), which includes the Companys sales for exports and those generated outside Brazil, except those relating to products in the food service channel, and food services, which includes the Companys sales of all products in its portfolio, generated in Brazil and foreign market, to the customers for food service category that includes bars, restaurants and industrial kitchens.

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