Safran (OTCMKTS:SAFRF) Stock Crosses Above 50 Day Moving Average – Here’s Why

Safran SA (OTCMKTS:SAFRFGet Free Report)’s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $342.86 and traded as high as $357.95. Safran shares last traded at $352.00, with a volume of 5,239 shares traded.

Safran Price Performance

The business’s fifty day simple moving average is $342.86 and its 200-day simple moving average is $315.60.

About Safran

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Safran SA, together with its subsidiaries, engages in the aerospace and defense businesses worldwide. The company operates through three segments: Aerospace Propulsion; Aircraft Equipment, Defense and Aerosystems; and Aircraft Interiors. The Aerospace Propulsion segment designs, develops, produces, and markets propulsion and mechanical power transmission systems for commercial aircraft, military transport, training and combat aircraft, civil and military helicopters, satellites, and drones; and offers maintenance, repair, and overhaul (MRO) services, as well as sells spare parts.

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