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Calpine Corp Bullish Moving Average Crossover Alert (CPN)

By James Quinn

Today, shares of Calpine Corp (NYSE:CPN) have crossed bullishly above their 10-day moving average of $13.93 on a volume of 75.6 million shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

In the past 52 weeks, Calpine Corp share prices have been bracketed by a low of $9.30 and a high of $15.12 and are now at $14.78, 59% above that low price. Over the past week, the 200-day moving average (MA) has gone down 0.3% while the 50-day MA has advanced 1.5%.

SmarTrend recommended that subscribers consider buying shares of Calpine Corp on May 10th, 2017 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $10.93. Since that recommendation, shares of Calpine Corp have risen 23.5%. We continue to monitor CPN for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses calpine corp

Ticker(s): CPN