Companhia Paranaense de Energia (COPEL) (NYSE:ELP) : Traders are bullish on Companhia Paranaense de Energia (COPEL) (NYSE:ELP) as it has outperformed the S&P 500 by a wide margin of 23.05% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.7%, 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 1.99% in the last 1 week, and is up 25.03% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have dropped -17.87% from its 1 Year high price. On Jul 16, 2015, the shares registered one year high at $11.57 and the one year low was seen on Jan 20, 2016. The 50-Day Moving Average price is $7.81 and the 200 Day Moving Average price is recorded at $6.98.
The stock has recorded a 20-day Moving Average of 10.63% and the 50-Day Moving Average is 19.13%.
Companhia Paranaense de Energia (COPEL) (NYSE:ELP): stock turned positive on Friday. Though the stock opened at $9.01, the bulls momentum made the stock top out at $9.26 level for the day. The stock recorded a low of $8.82 and closed the trading day at $9.24, in the green by 6.08%. The total traded volume for the day was 737,059. The stock had closed at $8.71 in the previous days trading.
Companhia Paranaense de Energia – Copel is engaged in the generation, transmission, distribution and sale of electricity in the Brazilian State of Parana. The Company also provides telecommunications and other services. Its operating segments are Power generation and transmission (GeT), Power distribution and sales (DIS), Telecommunications (TEL), Gas (GAS) and Holding Company (HOL). It generates electricity from around 18 hydroelectric plants, one wind plant and one thermoelectric plant, for a total installed capacity of 4,754.4 megawatts. It holds concessions to distribute electricity in 394 of the 399 municipalities in the State of Parana and in the municipality of Porto Uniao in the State of Santa Catarina. It owns and operates approximately 2,174 kilometers of transmission lines and 189,925.4 kilometers of distribution lines. Its generation business sells energy to its distribution business through auctions in the regulated market.