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Embraer (ERJ) is a Brazil-based holding company primarily engaged in the manufacture of aircrafts. This stock is trading up 3.7% at $26.55 in recent trading.
Today's Volume: 1.2 million
Average Volume: 1.2 million
Volume % Change: 99%
From a technical perspective, ERJ is trending up here back above its 50-day moving average of $26.43 with decent volume. This move is quickly pushing ERJ within range of triggering a near-term breakout trade. That trade will hit once ERJ manages to take out its 200-day at $28.39, and then once it clears some more overhead resistance at $29.42 with high volume.
Traders should now look for long-biased trades in ERJ as long as it's trending above $26.55 to $27.40, and then once it sustains a move or close above those breakout levels with volume that hits near or above 1,244,090 shares. If that breakout triggers soon, then ERJ will have a great chance of re-testing or taking out its next major overhead resistance levels at $32 to $33.