BRF S.A. (BRFS) : Traders are bullish on BRF S.A. (BRFS) as it has outperformed the S&P 500 by a wide margin of 1.85% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.84%, 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 1.01% in the last 1 week, and is up 1.31% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.13% and the 50-Day Moving Average is 3.03%.The 200 Day SMA reached 20.19%
BRF S.A. (NYSE:BRFS): After opening at $16.93, the stock dipped to an intraday low of $16.795 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $17.16 and the buying power remained strong till the end. The stock closed at $17.06 for the day, a gain of 1.79% for the day session. The total traded volume was 1,766,265. The stocks close on the previous trading day was $17.06.
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.