CPL Makes Bullish Cross Above Critical Moving Average

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In trading on Friday, shares of CPFL Energia SA (Symbol: CPL) crossed above their 200 day moving average of $16.62, changing hands as high as $16.87 per share. CPFL Energia SA shares are currently trading up about 1.8% on the day. The chart below shows the one year performance of CPL shares, versus its 200 day moving average: CPFL Energia SA 200 Day Moving Average Chart

Looking at the chart above, CPL's low point in its 52 week range is $12.80 per share, with $23.00 as the 52 week high point - that compares with a last trade of $16.38.

According to the ETF Finder at ETF Channel, CPL makes up 6.00% of the Brazil Mid Cap ETF (Symbol: BRAZ) which is trading up by about 1.5% on the day Friday.

Click here to find out which 9 other energy stocks recently crossed above their 200 day moving average »




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.




This article appears in: Investing , Commodities

Referenced Stocks: CPL , BRAZ

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