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Calpine Bullish Moving Average Crossover Alert (CPN)

By David Diaz

Calpine (NYSE:CPN) shares have crossed bullishly above their 10-day moving average of $12.54 on a volume of 940K shares. This may provide short-term investors a chance for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Calpine share prices have been bracketed by a low of $11.53 and a high of $21.80 and are now at $12.81, 11% above that low price. 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 recommended that its subscribers protect gains by selling shares of Calpine on June 14th, 2016 by issuing a Downtrend alert when the shares were trading at $14.00. Since that call, shares of Calpine have fallen 11.3%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses calpine

Ticker(s): CPN