Cia Paranaense de Energia: The Trend Continues Higher (ELP)
Monday, January 11, 2010 - 21:21
Written on Mon, 01/11/2010 - 9:21pm
By Chip Brian

SmarTrend identified an Uptrend for Cia Paranaense de Energia (NYSE:ELP) on November 09, 2009 at $19.18. In approximately 2 months, Cia Paranaense de Energia has returned 19.5% as of today's recent price of $22.92.
Cia Paranaense de Energia is currently above its 50-day moving average of $20.45 and above its 200-day moving average of $16.18. Look for these moving averages to climb to confirm the company's upward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Cia Paranaense de Energia shares.

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