The stock of Empresa Nacional de Electricidad (ADR) (NYSE:EOCC) reached all time low today, Sep, 30 and still has $18.44 target or 7.00% below today’s $19.83 share price. This indicates more downside for the $5.28B company. This technical setup was reported by Barchart.com. If the $18.44 PT is reached, the company will be worth $369.60 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 150,325 shares traded hands or 33.03% up from the average. Empresa Nacional de Electricidad (ADR) (NYSE:EOCC) has declined 25.57% since February 26, 2016 and is downtrending. It has underperformed by 35.99% the S&P500.
According to Zacks Investment Research, “Empresa Nacional Electricidad SA, also known as Endesa, generates, distributes and sells electric energy in Chile.”
More notable recent Empresa Nacional de Electricidad (ADR) (NYSE:EOCC) news were published by: Fool.com which released: “Chilean Peso Falls: What Will Happen to These Chilean ADRs?” on February 05, 2014, also Seekingalpha.com with their article: “Two Chilean Electric Utility ADRs: Enersis and Empresa” published on August 27, 2009, Seekingalpha.com published: “Complete List of Chilean ADR Stocks” on October 24, 2009. More interesting news about Empresa Nacional de Electricidad (ADR) (NYSE:EOCC) were released by: Investorplace.com and their article: “Five Chilean ADRs Still Standing Tall” published on March 05, 2010 as well as Benzinga.com‘s news article titled: “Stocks Hitting 52-Week Lows” with publication date: August 24, 2016.
EOCC Company Profile
Empresa Nacional De Electricidad S.A., incorporated on January 17, 1944, is engaged in the business of electricity generation. The Firm operates in Chile. The Company’s primary facilities include power plants, transmission assets, pipelines, liquefied natural gas (LNG) terminals and re-gasification plants, storage and chartered LNG tankers.
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