CPFL Energia Bearish Moving Average Crossover Alert (CPL)
Today, shares of CPFL Energia (NYSE:CPL) have fallen below their 10-day MA of $21.60 on a volume of 158K 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, CPFL Energia share prices have been bracketed by a low of $20.38 and a high of $32.98 and are now at $21.47, 5% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.4% while the 200-day MA has slid 0.6%.
SmarTrend is tracking the current trend status for CPFL Energia and will alert subscribers who have CPL in their portfolio or watchlist when shares have changed trend direction.
Keywords: moving crosses cpfl energia