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Empresa Nacional de Electricidad (EOC) Approaches New Upside Target of $51.92

Written on Tue, 07/27/2010 - 1:58pm
By Chip Brian

SmarTrend has detected shares of Empresa Nacional de Electricidad (NYSE:EOC) have bullishly opened above the pivot of $50.76 today and have reached the first resistance level of $51.48.
We are watching for a cross of the next upside pivot targets of $51.92 and $53.08. Also, the shares are currently trading above the 50-day moving average of $46.49 and above the 200-day moving average of $48.24.
SmarTrend, our proprietary pattern recognition system, alerted subscribers to buy shares of Empresa Nacional de Electricidad on July 22, 2010 at $49.70. Since the call, the stock has risen 3.6%.

Keywords: empresa nacional de electricidad pivot points

Ticker(s): EOC

Contact Chip Brian



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