Village Farms levels up 4% in Thursday's session; traders eye opening bell in a day time

Investors are currently sidelined due to the Good Friday holiday but will return to their desks tomorrow. Looking back over the previous session Thursday: Village Farms ended Wednesday at 75 cents. Thursday it went up to 78 cents only to drop back, yet still managed to close at 78 cents.

Village Farms International, Inc. broke through the 78.9833 cents resistance, climbing 1 cents above it. Village Farms made an initial breakout above its 10 day Simple Moving Average at 80.623 cents, a potential indicator of a newly emerging bullish phase. Village Farms's lower Bollinger Band® is at 72.9478 cents, indicating that the market is oversold and fertile for new buyers.

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

Pointing downwards for around 2 months. The consumer packaged goods provider is now trading 84.63% below the significant high of $4.88 it set around 11 months ago.