Bullish on Ero Copper Corp.
Ero Copper Corp. has shown a bullish trend after breaking out of a multi-year trading range. The stock reached a high of $53.69 in January but has since pulled back to find support at its 40-week moving average. A decisive move above $45 could indicate a continuation of the upward trend towards higher targets.
- ▪Ero Copper's stock broke out of a trading range in late 2025, reaching a high of $53.69 in January.
- ▪The stock has since pulled back but found support at its 40-week moving average.
- ▪A move above $45 could signal a resumption of the uptrend towards targets of $48 and $53.
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Open this photo in gallery:stockShareSave for laterPlease log in to bookmark this story.Log InCreate Free AccountEroCopper (ERO-T, Monday’s close $42.01) built a large multi-year base, trading largely between $10 and $30 from 2019 to 2025 (dashed lines). The stock broke out of this range in late 2025 and reached a high of $53.69 in January (A), at which point it was significantly overbought and well extended above its 40-week moving average (40wMA).Since then, the stock has pulled back and found support at the 40wMA (B), which now aligns with the top of the former trading range – an area of prior resistance that has turned into support.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at The Globe and Mail.
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