• Return to Headlines

SmarTrend Watching for Potential Pullback in Shares of Centerpoint Ener After 1.24% Gain

By Amy Schwartz

Centerpoint Ener (NYSE:CNP) traded in a range yesterday that spanned from a low of $28.75 to a high of $29.49. Yesterday, the shares gained 1.2%, which took the trading range above the 3-day high of $29.04 on volume of 1.9 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

SmarTrend is tracking the current trend status for Centerpoint Ener and will alert subscribers who have CNP in their portfolio or watchlist when shares have changed trend direction.

Centerpoint Ener share prices have moved between a 52-week high of $31.42 and a 52-week low of $25.10 and are now trading 17% above that low price at $29.38 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.3%.

Keywords: rebounders centerpoint ener

Ticker(s): CNP