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 19.61% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.17%, 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 6.71% in the last 1 week, and is up 19.45% 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 8.01% and the 50-Day Moving Average is 7.38%.The 200 Day SMA reached 23.58%. Fibria Celulose S.A. has dropped 22.48% during the last 3-month period . Year-to-Date the stock performance stands at -43.89%.
Fibria Celulose S.A. (NYSE:FBR): The stock opened in the green at $7 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $7.03 and a low of $6.9 for the day. The stock did not find buyers even at the lows and closed at $7 recording a loss of -0.71%. 1,321,410 shares exchanged hands during the trading day. The stock had closed at $7.05 in the previous days trading.
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.