Enersis Downward Momentum Looks to Continue (ENI)
Wednesday, February 24, 2010 - 14:10
Written on Wed, 02/24/2010 - 2:10pm
By Chip Brian

SmarTrend identified a Downtrend for Enersis (NYSE:ENI) on February 04, 2010 at $21.93. In approximately 3 weeks, Enersis has returned 3.2% as of today's recent price of $21.22.
Enersis is currently below its 50-day moving average of $22.22 and should find support at its 200-day moving average of $19.12. Look for these moving averages to decline to confirm the company's downward momentum.
SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Enersis.

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