Key technicals on Petrobras (NYSE:PBR)

by Josh Shares of Petrobras ($PBR) are seeing the 50 day moving average crossing above the 200 day moving average. Technical traders term this a ‘golden cross’ and it’s a bullish signal. Petrobras is trading up, last at $16.39 (+.35, 2.2%) with the 50 day at at $15.94 and the 200 day moving average at $15.89.

Shares are finding support this morning at the 200 day moving average after gapping above the key moving average after earnings. Shares have now filled that gap, and are thus far showing prior resistance (the 200 day moving average) to be current support.

52 Week Range $12.03-$20.63 Market Cap 106,932,263,584 Average Volume 15,888,188 Dividend Yield 1.07% Institutional Ownership 8.20% Insider Ownership: 0.00% Percentage of Float Short 0.40% Beta 1.31

Petrobras Petroleo Brasileiro SA Petrobras operates as an integrated oil & gas company in Brazil. Its business is structured into segments such as Exploration & Production; Refining, Transportation & Marketing; Distribution; Gas & Power; Biofuel; & International.

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