Saab (OTCMKTS:SAABF) Shares Up 5.2%

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Shares of Saab AB (OTCMKTS:SAABF) shot up 5.2% during mid-day trading on Thursday . The company traded as high as $28.15 and last traded at $28.15, 600 shares changed hands during trading. A decline of 7% from the average session volume of 644 shares. The stock had previously closed at $26.75.

The company has a 50-day simple moving average of $28.20.

Saab Company Profile (OTCMKTS:SAABF)

Saab AB (publ) provides products, services, and solutions for the military, defense, and civil security markets worldwide. The company operates in six segments: Aeronautics, Dynamics, Surveillance, Support and Services, Industrial Products and Services, and Kockums. The Aeronautics segment develops, produces, and sells air power systems and military aviation systems, as well as conducts studies on manned and unmanned aircraft systems.

Further Reading: What is the Fibonacci sequence?

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