Company Shares of Abengoa Yield plc (NASDAQ:ABY) Rally 6.89%

Abengoa Yield plc (NASDAQ:ABY) : Traders are bullish on Abengoa Yield plc (NASDAQ:ABY) as it has outperformed the S&P 500 by a wide margin of 16.94% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.54%, 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 6.89% in the last 1 week, and is up 18.83% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The company shares have dropped -37.07% from its 1 Year high price. On Jul 14, 2015, the shares registered one year high at $32.85 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $17.98 and the 200 Day Moving Average price is recorded at $17.40.

The stock has recorded a 20-day Moving Average of 13.23% and the 50-Day Moving Average is 15.09%.


Abengoa Yield plc (NASDAQ:ABY): stock turned positive on Friday. Though the stock opened at $19.57, the bulls momentum made the stock top out at $20.64 level for the day. The stock recorded a low of $19.52 and closed the trading day at $20.32, in the green by 4.96%. The total traded volume for the day was 784,001. The stock had closed at $19.36 in the previous days trading.

Abengoa Yield plc is an engineering and clean technology company. The Company owns, manages, and acquires renewable energy, conventional power, electric transmission lines, and other contracted revenue-generating assets, focused on North America (United States and Mexico) and South America (Peru, Chile, Brazil and Uruguay), as well as Europe (Spain). The Companys business sectors include renewable energy, which includes its activities related to the production electricity from solar power and wind plants; Conventional power, which includes its activities related to the production of electricity and steam from natural gas and electric transmission lines, which includes its activities related to the operation of electric transmission lines. It owns interests in approximately 15 assets, comprising over 891 megawatt (MW) of renewable energy generation, approximately 300 MW of conventional power generation and approximately 1,018 miles of electric transmission lines.

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