Solid session for Village Farms generates 2.95% gain Friday

Friday at a glance: Village Farms rallied 2.21 cents (2.95%) deep into the session, closing at 77.08 cents.

Village Farms International, Inc. made an initial breakout above its 21 day Simple Moving Average at 77.2838 cents, a potential indicator of a newly emerging bullish phase. Village Farms is currently trading around the 76.445 cents Fibonacci resistance level. In contrast, although Village Farms is appreciating today after rising as high as 78.87 cents, price action is now slowing and consolidating around 3 cents below the 79.6333 cents resistance level.

Overall, looking at the technical analysis landscape, it seems Village Farms might continue pointing upwards in the short term.

A look at other consumer staples stocks also showed bullish price action as Costco gained 1.78%, as it traded at $499.06. Philip Morris International was up 1.25%.

While Village Farms was bullish Friday, the following consumer staples stocks underperformed: Anheuser-Busch closed at $64.83 (down 1.62%).

Furthermore, the market is looking at United States EIA Short-Term Energy Outlook is scheduled for tomorrow at 16:00 UTC.

Trending downwards for around 2 months. Since its 52-week high of $3.84, the controlled environment agriculture pioneer has lost 81.04% over the last twelve months.