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Shares of CPL Down 16.7% Since Downtrend Call on SharesMay 15, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for CPFL Energia (NYSE:CPL) on March 23rd, 2012 at $30.88. In approximately 2 months, CPFL Energia has returned 16.66% as of today's recent price of $25.73. CPFL Energia share prices have moved between a 52-week high of $32.98 and a 52-week low of $21.44 and are now trading 20% above that low price at $25.73 per share. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 1.2%. CPFL Energia S.A., through its subsidiaries, distributes, generates and commercializes electricity in Brazil. The Company also commercializes electricity and provides electricity-related services to its affiliates as well as unaffiliated parties. SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of CPFL Energia. Log in and add CPFL Energia (CPL) to your watchlist today so you can receive a real-time alert when the shares are about to change trend. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |