Today’s Market Runner: Is Selling Empresa Nacional de Electricidad (ADR) Here a Winning Strategy?

Today's Market Runner: Is Selling Empresa Nacional de Electricidad (ADR) Here a Winning Strategy?

The stock of Empresa Nacional de Electricidad (ADR) (NYSE:EOCC) hit a new 52-week low and has $18.48 target or 8.00% below today’s $20.09 share price. The 6 months bearish chart indicates high risk for the $5.35 billion company. The 1-year low was reported on Sep, 30 by If the $18.48 price target is reached, the company will be worth $428.00 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 93,116 shares traded hands. 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: which released: “Chilean Peso Falls: What Will Happen to These Chilean ADRs?” on February 05, 2014, also with their article: “Two Chilean Electric Utility ADRs: Enersis and Empresa” published on August 27, 2009, 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: and their article: “Five Chilean ADRs Still Standing Tall” published on March 05, 2010 as well as‘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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