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Bearish Moving Average Cross by Calpine (CPN)

By David Diaz

Today, shares of Calpine (NYSE:CPN) have fallen below their 10-day MA of $14.72 on a volume of 904K shares. This may provide swing traders with an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

Over the past year, Calpine has traded in a range of $11.53 to $21.80 and is now at $14.56, 26% above that low. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.5% while the 200-day MA has slid 0.3%.

SmarTrend is tracking the current trend status for Calpine and will alert subscribers who have CPN in their portfolio or watchlist when shares have changed trend direction.

Keywords: moving crosses calpine

Ticker(s): CPN