Fibria Celulose S.A. (FBR) : Traders are bullish on Fibria Celulose S.A. (FBR) as it has outperformed the S&P 500 by a wide margin of 1.55% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.74%, 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 2.91% in the last 1 week, and is up 1% 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 0.75% and the 50-Day Moving Average is 6.8%.The 200 Day SMA reached 17.61%
Fibria Celulose S.A. (NYSE:FBR): After opening at $6.95, the stock dipped to an intraday low of $6.94 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $7.11 and the buying power remained strong till the end. The stock closed at $7.07 for the day, a gain of 0.71% for the day session. The total traded volume was 1,559,347. The stocks close on the previous trading day was $7.07.
Fibria Celulose S.A. (FBR) : The highest level Fibria Celulose S.A. (FBR) is projected to reach is $13 for the short term and the lowest estimate is at $7. The consolidated price target from 4 rating analysts who initiate coverage on the stock is $8.23 and the possibility the share price can swing is $2.86.
Fibria Celulose SA, formerly Votorantim Celulose e Papel SA, is a Brazil-based company involved in the production and sale of short fiber pulp. The Company operates pulp manufacturing plants in Aracruz (Espirito Santo), Tres Lagoas (Mato Grosso do Sul), Jacarei (Sao Paulo) and Veracel (Bahia). Additionally, the Company is engaged in the cultivation of eucalyptus. It has plantations in the Brazilian states of Sao Paulo, Minas Gerais, Rio de Janeiro, Mato Grosso do Sul, Bahia and Espirito Santo. In 2011, the Company sold a business unit active in paper production. The Company has a number of subsidiaries in Brazil and abroad, including Normus Empreendimentos e Participacoes Ltda, Fibria Overseas Finance Ltd and Fibria Celulose (USA) Inc, among others. On October, 2013, the Company announced merger by incorporation of Normus Empreendimentos e Participacoes Ltda, a wholly-owned subsidiary of the Company, in order to simplify the corporate structure.