Village Farms is showing signs of life, up to 68 cents (1.06%)

While Village Farms was in the midst of a 9 day downtrend— in which it lost a total of 11.45%— Friday may indicate a change of direction; after closing at 67.29 cents on Thursday, Village Farms maintained a strong bullish bias that helped the stock close higher at 68 cents Friday. However, market bears ensured the the consumer packaged goods provider topped out at 69.49 cents and that by the end of the session, the market had marked out a distinct 66 cents to 69.49 cents range.

Village Farms International, Inc. made an initial breakout above its 3 day Simple Moving Average at 68.4367 cents, a potential indicator of a newly emerging bullish phase. Village Farms formed a session range of 66 cents to 69.49 cents leaving buyers and sellers highly concentrated around an active Fibonacci resistance level of 68.01 cents. Village Farms's lower Bollinger Band® is at 65.7677 cents, indicating that the market is oversold and fertile for new buyers. In contrast, Village Farms could be slowing down soon as it approaches resistance at 69.66 cents. Of course, crossing it might suggest further gains are ahead.

Village Farms continues to move higher with technical analysis indicating the trend will continue in the short term.

This rally in Village Farms's share price coincided with other consumer staples stocks as Anheuser-Busch was up 0.99%.

Village Farms went up Friday, yet these consumer staples stocks did not follow — Walmart went down 1.03%, closed at $151.47.

On a negative trend for around 3 months. Having soared to a high of $3.35 approximately 10 months ago, the controlled environment agriculture pioneer is now trading 79.91% lower.