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Thursday, April 5, 2012

Gains In The Utilities Sector Today (CIG) (SBS) (EXLP) (CLNE) (CPL)

Companhia Energetica (NYSE: CIG): traded higher by 2.66% or $0.65/share to $25.12. In the past year, the shares have traded as low as $14.03 and as high as $24.82. On average, 2556410 shares of CIG exchange hands on a given day and today's volume is recorded at 2471935. 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 $23.30 area where the stock will likely see buying pressure.

Companhia de Saneamento (NYSE: SBS): traded higher by 1.89% or $1.45/share to $78.19. In the past year, the shares have traded as low as $45.76 and as high as $80.79. On average, 329017 shares of SBS exchange hands on a given day and today's volume is recorded at 156084. 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 $75.31 area where the stock will likely see buying pressure.

Exterran Partners, L.P. (NASDAQ: EXLP): traded higher by 0.92% or $0.2/share to $21.98. In the past year, the shares have traded as low as $17.50 and as high as $28.92. On average, 198141 shares of EXLP exchange hands on a given day and today's volume is recorded at 34413. The shares are currently trading below the 200-day moving average which indicates that the shares have been suffering from downward momentum lately. The stock may bounce higher to test the 200-day moving average, so look for a move up to the $22.54 area where the stock may encounter resistance.

Clean Energy Fuels Corp. (NASDAQ: CLNE): traded higher by 0.95% or $0.19/share to $20.11. In the past year, the shares have traded as low as $9.02 and as high as $24.75. On average, 2270830 shares of CLNE exchange hands on a given day and today's volume is recorded at 1841607. 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 $20.15 represents resistance and the 200-day moving average of $14.59 would be an area of support.

CPFL Energia S.A. (ADR) (NYSE: CPL): traded higher by 0.72% or $0.2201/share to $30.73. In the past year, the shares have traded as low as $21.44 and as high as $32.98. On average, 378951 shares of CPL exchange hands on a given day and today's volume is recorded at 227964. 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 $31.79 represents resistance and the 200-day moving average of $27.85 would be an area of support.