BRF Breaks Out Of Base But Volume Questionable
Despite a flat finish for the major indexes Friday, the market continued to notch dozens of new highs. BRF (BRFS) broke out of a cup-with-handle base, rising above a 24.19 buy point. The Brazil-based food processing giant, however, traded in below-average volume. That raised suspicions about the breakout. Shares rose 0.60 to 24.71. The stock has more than quadrupled from its 2009 lows. But because it had undercut a February base, BRF has reset its
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