Up 1.8% to $17.87, Petroleo Brasileiro (NYSE:PBR.A), is one of today's notable movers. The S&P is currently trading 1,416 and the Dow Jones Industrial Average is trading 13,026.
In the past 52 weeks, shares of Petroleo Brasileiro have traded between a low of $16.69 and a high of $30.20 and are now at $17.87, which is 7% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.3% while the 200-day MA has slid 0.8%.
Petroleo Brasileiro (NYSE:PBR.A) has potential upside of 49.3% based on a current price of $17.87 and analysts' consensus price target of $26.67. The stock should find initial resistance at its 50-day moving average (MA) of $21.06 and further resistance at its 200-day MA of $21.66.
Petroleo Brasileiro S.A. - Petrobras explores for and produces oil and natural gas. The Company refines, markets, and supplies oil products. Petrobras operates oil tankers, distribution pipelines, marine, river and lake terminals, thermal power plants, fertilizer plants, and petrochemical units. The Company operates in South America and elsewhere around the world.