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CPFL Energia Bearish Moving Average Crossover Alert (CPL)

By Amy Schwartz

Today, shares of CPFL Energia (NYSE:CPL) have crossed bearishly below their 10-day moving average of $13.71 on a volume of 142K 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.

In the past 52 weeks, shares of CPFL Energia have traded between a low of $10.88 and a high of $20.39 and are now at $12.89, which is 19% above that low price. The 200-day and 50-day moving averages have moved 0.42% lower and 0.56% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of CPFL Energia on March 31st, 2015 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $12.51. Since that recommendation, shares of CPFL Energia have risen 12.0%. 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