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Thursday, March 29, 2012

Utilities Stocks Jump (EDN) (SRE) (CNL) (NI) (ETE)

EDENOR S.A. (ADR) (NYSE: EDN): traded higher by 4.30% or $0.16/share to $3.88. In the past year, the shares have traded as low as $3.69 and as high as $11.50. On average, 6239 shares of EDN exchange hands on a given day and today's volume is recorded at 600. 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 $5.08 area but be careful because the stock may face selling pressure at this level.

Sempra Energy (NYSE: SRE): traded higher by 1.46% or $0.8516/share to $59.21. In the past year, the shares have traded as low as $44.78 and as high as $60.08. On average, 1421920 shares of SRE exchange hands on a given day and today's volume is recorded at 1607516. 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 $58.47 area where the stock will likely see buying pressure.

Cleco Corporation (NYSE: CNL): traded higher by 0.76% or $0.3/share to $39.58. In the past year, the shares have traded as low as $30.06 and as high as $40.10. On average, 502797 shares of CNL exchange hands on a given day and today's volume is recorded at 264277. 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 $39.09 area where the stock will likely see buying pressure.

NiSource Inc. (NYSE: NI): traded higher by 0.46% or $0.11/share to $24.05. In the past year, the shares have traded as low as $17.95 and as high as $24.53. On average, 3177700 shares of NI exchange hands on a given day and today's volume is recorded at 1790147. 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 $23.67 area where the stock will likely see buying pressure.

Energy Transfer Equity, L (NYSE: ETE): traded higher by 0.60% or $0.24/share to $40.51. In the past year, the shares have traded as low as $30.78 and as high as $47.34. On average, 1005800 shares of ETE exchange hands on a given day and today's volume is recorded at 1363396. 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 $42.80 represents resistance and the 200-day moving average of $39.43 would be an area of support.