Companhia Paranaense de Energia - COPEL engages in the generation, transmission, distribution, and sale of electricity to industrial, residential, commercial, rural, and other customers primarily in the State of Parana, Brazil. As of December 31, 2014, the company operated 18 hydroelectric plants, 1 wind plant, and 1 thermoelectric plant with a total installed capacity of 4,754.4 megawatts; and owned and operated 2,174 kilometers of transmission lines and 189,925.4 kilometers of distribution lines. It holds concessions to distribute electricity in 394 municipalities in the State of Parana and in the municipality of Porto Uniao in the State of Santa Catarina. The company also provides telecommunication services to 4,227 corporate clients, including supermarkets, universities, banks, Internet service providers, and television networks, as well as to 17,534 retail clients; and broadband Internet access to public elementary and middle schools. In addition, it supplies piped gas to 26,052 customers, including thermoelectric plants, cogeneration plants, gas stations, other businesses, and residences through a gas distribution network covering 726 kilometers in the State of ParanĂ¡. Companhia Paranaense de Energia – COPEL was founded in 1954 and is headquartered in Curitiba, Brazil.
ELP is coming off the bottom in the down market. Like I have said on other threads That ELP and BBD are effected by the government turmoil in Brazil. This has been my biggest money making swing trades this year. 7.62 0.04(0.53%) Dow -106 Latin American Funds Surging as Brazilian Stocks Are on a Tear http://finance.yahoo.com/news/latin-american-funds-surging-brazilian-164454603.html
ELP and BBD are near there bounce points this morning as Brazil Impeachment of the presidents looks more likely. A little market reversal needed for a pop ELP 7.35 up .03 BBD 7.03 down .05 DOW -130
ELP is a volatile stock to say the least. The driver is what happens to the President of Brazil. . Impeachment yes, stock goes up, Impeachment no, stock goes down. It popped over 9% on Friday and held most of the gains even when the market went sour. Stay tuned for the next episode in a ongoing soap opera. This scenario goes for BBD as well. Brazil Braces for Impeachment Cliffhanger With Votes in Congress http://www.bloomberg.com/news/artic...iffhanger-on-impeachment-in-decisive-showdown
I took profits on ELP and closed out my position as I saw weakness. Looking for a reload Close Low High
Keep an eye on ELP this morning as it is trying to go positive as the Brazil stocks are down as our markets are melting down
Nice little trade for you daytraders...Anyone buy? I can lead a horse to water but I can't make him drink
