Embraer-Empresa Brasileira de Aeronautica (ERJ) : Traders are bullish on Embraer-Empresa Brasileira de Aeronautica (ERJ) as it has outperformed the S&P 500 by a wide margin of 0.62% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.77%, 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 7.3% in the last 1 week, and is up 0.49% 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 2.17% and the 50-Day Moving Average is 6.09%.The 200 Day SMA reached 24.41%. Embraer S.A. has dropped 13.39% during the last 3-month period . Year-to-Date the stock performance stands at -37.09%.
Embraer-Empresa Brasileira de Aeronautica (NYSE:ERJ): After opening at $18.04, the stock dipped to an intraday low of $18.04 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $18.64 and the buying power remained strong till the end. The stock closed at $18.51 for the day, a gain of 3.99% for the day session. The total traded volume was 1,089,348. The stocks close on the previous trading day was $17.8.
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.