Safran (OTCMKTS:SAFRF) Stock Price Crosses Above Fifty Day Moving Average – Should You Sell?

Safran SA (OTCMKTS:SAFRF)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $347.88 and traded as high as $361.4145. Safran shares last traded at $355.7540, with a volume of 2,267 shares traded.

Safran Trading Up 2.9%

The company has a 50 day simple moving average of $347.88 and a 200-day simple moving average of $338.83.

Safran Company Profile

Safran is a French multinational specializing in aerospace, defense and security, formed in 2005 through the merger of aircraft engine maker SNECMA and electronics group SAGEM. Headquartered in Paris, the company has grown into a leading supplier of propulsion systems and aircraft equipment, leveraging a long history of engineering expertise dating back to both legacy firms’ origins in the early 20th century.

In its core aerospace activities, Safran designs, develops and produces commercial and military aircraft engines, auxiliary power units and rocket engines.