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TMCNet:  Cia Paranaense de Energia Shares Down 36.9% Since SmarTrend's Sell Call (ELP)

[November 22, 2012]

Cia Paranaense de Energia Shares Down 36.9% Since SmarTrend's Sell Call (ELP)

Nov 22, 2012 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Cia Paranaense de Energia (NYSE:ELP) on August 16th, 2012 at $20.21. In approximately 3 months, Cia Paranaense de Energia has returned 36.90% as of today's recent price of $12.75.

Over the past year, Cia Paranaense de Energia has traded in a range of $12.53 to $26.31 and is now at $12.75, 2% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has declined 2%.

Companhia Paranaense de Energia-Copel generates, transmits, transforms and distributes electric power to the entire Brazilian State of Parana. The Company's major customers are industrial, residential and rural electricity consumers. Copel generates electricity through the operation of fifteen hydroelectric plants and three thermoelectric plants.

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any changes in momentum for shares of Cia Paranaense de Energia.

Log in and add Cia Paranaense de Energia (ELP) to your watchlist today so you can receive a real-time alert when the shares are about to change trend.

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

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