Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ) has risen sharply, recording gains of 5.27% in the past 4 weeks. However, the stock has corrected -0.78% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.59% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The company shares have dropped -28.65% from its 1 Year high price. On Dec 3, 2015, the shares registered one year high at $32.50 and the one year low was seen on Jun 14, 2016. The 50-Day Moving Average price is $21.21 and the 200 Day Moving Average price is recorded at $24.99.
The stock has recorded a 20-day Moving Average of 2.23% and the 50-Day Moving Average is 0.19%.
Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ): stock turned positive on Friday. Though the stock opened at $21.34, the bulls momentum made the stock top out at $21.66 level for the day. The stock recorded a low of $21.18 and closed the trading day at $21.59, in the green by 3.05%. The total traded volume for the day was 859,103. The stock had closed at $20.95 in the previous days trading.
Embraer S.A. (Embraer) produces aircraft for commercial and executive aviation, and for defense and security purposes. The Company operates through four segments: Commercial aviation business, Defense and security business, Executive Jets business and Other. The Commercial Aviation business involves the development, production and sale of commercial jets, and rendering of support services. The Defense and security business operations mainly involve research, development, production, modification and support for military defense and security aircraft, as well as a range of products and integrated solutions. The Executive Aviation market operations are constituted by development, production and sale of executive jets, as well as by providing support services and aircraft operational leasing. The Other segment supplies structural parts and mechanical and hydraulic systems, and produces agricultural crop-spraying aircraft.