CPFL Energia S.A. (NYSE:CPL) : Traders are bullish on CPFL Energia S.A. (NYSE:CPL) as it has outperformed the S&P 500 by a wide margin of 20.71% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.21%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.56% in the last 1 week, and is up 22.66% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 13.59% from its 1 Year high price. On Jul 8, 2016, the shares registered one year high at $13.72 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $11.54 and the 200 Day Moving Average price is recorded at $9.72.
The stock has recorded a 20-day Moving Average of 12.6% and the 50-Day Moving Average is 20.8%.
CPFL Energia S.A. (NYSE:CPL): stock turned positive on Friday. Though the stock opened at $13.53, the bulls momentum made the stock top out at $13.72 level for the day. The stock recorded a low of $13.44 and closed the trading day at $13.64, in the green by 2.79%. The total traded volume for the day was 898,901. The stock had closed at $13.27 in the previous days trading.
CPFL Energia S.A. is a holding company. The Company, through its subsidiaries, distributes, generates, transmits and commercializes electricity in Brazil, as well as provides energy-related services. The Company distributed 43,160 Gigawatt Hour (GWh) of electricity to approximately 7.6 million consumers in Brazil, as of December 31, 2014. Through its interest in CPFL Energias Renovaveis S.A. (CPFL Renovaveis), the Company is also involved in the building of one Small Hydroelectric Power Plant (SHPP) and 12 wind farms. The Company is also engage in power commercialization, buying and selling electricity to power producers, Free Consumers and power trading companies. It also provides agency services to Free Consumers before the Camara de Comercializacao de Energia Eletrica (CCEE) and other agents, as well as electricity related services. The Companys operational segments include distribution, conventional generation sources, renewable generation sources, commercialization and services.