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Tale of the Tape

Zacks Equity Research

Vale SA (VALE): Moving Average Crossover Spotted

VALE

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Are you a technical investor? If so, it may be time to consider Vale SA (VALE) for your portfolio. The company just saw its 50 Day Moving Average breakout above its 200 Day Simple moving average, a trend that could indicate some bullishness in the future for VALE.

This trend may have already begun, as shares of VALE have moved by higher by 10.4% in just the past month. Plus, VALE has earned itself a Zacks Rank #2 (Buy), so there is plenty of reason to believe that the run for Vale SA has plenty of life left.



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