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CPFL Energia Bearish Moving Average Crossover Alert (CPL)

By Nick Russo

CPFL Energia (NYSE:CPL) crossed under its 10-day moving average of $17.40 on a volume of 261K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of CPFL Energia have traded between a low of $12.80 and a high of $23.00 and are now at $17.26, which is 35% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 1.4%.

SmarTrend recommended that subscribers consider buying shares of CPFL Energia on March 26th, 2014 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $15.28. Since that recommendation, shares of CPFL Energia have risen 15.1%. We continue to monitor CPL for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: moving crosses cpfl energia

Ticker(s): CPL