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Tuesday, March 27, 2012

Gains In Utilities Sector For The Day (CIG) (HNP) (WMB) (VE) (EDN)

Companhia Energetica (NYSE: CIG): traded higher by 3.06% or $0.73/share to $24.59. In the past year, the shares have traded as low as $14.03 and as high as $23.91. On average, 2333390 shares of CIG exchange hands on a given day and today's volume is recorded at 575914. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $22.74 area where the stock will likely see buying pressure.

Huaneng Power Intl., Inc (NYSE: HNP): traded higher by 1.61% or $0.36/share to $22.71. In the past year, the shares have traded as low as $15.45 and as high as $26.31. On average, 138455 shares of HNP exchange hands on a given day and today's volume is recorded at 49256. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $24.76 represents resistance and the 200-day moving average of $20.96 would be an area of support.

Williams Companies, Inc. (NYSE: WMB): traded higher by 1.18% or $0.36/share to $30.97. In the past year, the shares have traded as low as $21.90 and as high as $33.47. On average, 6895750 shares of WMB exchange hands on a given day and today's volume is recorded at 1743707. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $29.74 area where the stock will likely see buying pressure.

Veolia Environnement Ve (NYSE: VE): traded higher by 1.46% or $0.245/share to $17.02. In the past year, the shares have traded as low as $10.12 and as high as $33.86. On average, 999298 shares of VE exchange hands on a given day and today's volume is recorded at 219648. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $13.95 area where the stock will likely see buying pressure.

EDENOR S.A. (ADR) (NYSE: EDN): traded higher by 0.81% or $0.03/share to $3.73. In the past year, the shares have traded as low as $3.70 and as high as $11.50. On average, 6069 shares of EDN exchange hands on a given day and today's volume is recorded at 300. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $5.22 area but be careful because the stock may face selling pressure at this level.