SmarTrend identified a Downtrend for Cia Paranaense de Energia (NYSE:ELP) on August 16th, 2012 at $20.21. In approximately 4 months, Cia Paranaense de Energia has returned 30.12% as of today's recent price of $14.12.

In the past 52 weeks, Cia Paranaense de Energia share prices have been bracketed by a low of $12.53 and a high of $26.31 and are now at $14.12, 13% above that low price. Over the last five market days, the 200-day moving average (MA) has gone down 0.8% while the 50-day MA has declined 1.2%.

Companhia Paranaense de Energia-Copel generates, transmits, transforms and distributes electric power to the entire Brazilian State of Parana. The Company's major customers are industrial, residential and rural electricity consumers. Copel generates electricity through the operation of fifteen hydroelectric plants and three thermoelectric plants.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Cia Paranaense de Energia.

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