Friday Village Farms increased by 2.71%, ended the session at 59.88 cents

Friday at a glance: after ending Thursday at 58.3 cents, Village Farms went up to 60.98 cents only to drop back, yet still traded well overall and closed at 59.88 cents Friday.

Village Farms International, Inc. made an initial breakout above its 5 day Simple Moving Average at 59.968 cents, a potential indicator of a newly emerging bullish phase. Village Farms's lower Bollinger Band® is at 55.7776 cents, indicating that the market is oversold and fertile for new buyers. On the other hand, note that Village Farms could be slowing down soon as it approaches resistance at 61.5733 cents. Of course, crossing it might suggest further gains are ahead.

Examining the technical analysis landscape, Village Farms might continue its downtrend in the short term.

A look at other consumer staples stocks also showed bullish price action as Walmart was up 1.88%. Procter & Gamble was up 1.58%. Anheuser-Busch traded at $56.72 after closing Friday's trading day at $55.59 (up 2.03%).

Elsewhere, United States ISM Manufacturing PMI (Jun) scheduled to come out tomorrow at 14:00 UTC.

Having set a significant high of $3.35 11 months ago, the consumer packaged goods provider is trading 82.6% lower.