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Can Companhia Paranaense de Energia (ELP) Continue to Rise? - Tale of the Tape

Investors have definitely seen some solid trading in Companhia Paranaense de Energia ( ELP ) lately, leading to gains for some. However, ELP is now in overbought territory thanks to its latest move, as the firm has an RSI value of 74.4. Additionally, Companhia Paranaense de Energia currently has a Zacks Rank #5 (Strong Sell), so if the earnings estimate trend is any guide, a fall might be coming for this overbought stock.

COPEL-ADR PR B (ELP): Free Stock Analysis Report

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


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

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