|
After Yesterday's Rally of 1.26% Shares Could Potentially Pullback
Jan 11, 2013 (SmarTrend(R) News Watch via COMTEX) --
Centerpoint Energy (NYSE:CNP) traded in a range yesterday that spanned from a low of $19.90 to a high of $20.27. Yesterday, the shares gained 1.3%, which took the trading range above the 3-day high of $19.81 on volume of 3.6 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.
Over the past year, Centerpoint Energy has traded in a range of $18.07 to $21.81 and is now at $20.04, 11% above that low. In the last five trading sessions, the 50-day moving average (MA) has fallen 0.6% while the 200-day MA has remained constant.
SmarTrend is tracking the current trend status for Centerpoint Energy and will alert subscribers who have CNP in their portfolio or watchlist when shares have changed trend direction.
Write to Chip Brian at cbrian@mysmartrend.com
---------------------------------------------------------------------------------------------
SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com
Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup
[ Back To Technology News's Homepage ]
|
Internet Telephony Magazine
Click here to read latest issue
CUSTOMER 
Cloud Computing Magazine
Click here to read latest issue
M2M Evolution Magazine
Call Center/CRM
Info Tech 
IP Communications 
Mobile 
Green 
Satellite 
Robotics 
