The stock of Enel Generacion Chile SA (ADR) (NYSE:EOCC) reached all time low today, Nov, 10 and still has $18.43 target or 6.00% below today’s $19.61 share price. This indicates more downside for the $5.25 billion company. This technical setup was reported by Barchart.com. If the $18.43 PT is reached, the company will be worth $315.00 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. The stock decreased 5.27% or $1.09 during the last trading session, hitting $19.61. About 139,276 shares traded hands or 4.84% up from the average. Enel Generacion Chile SA (ADR) (NYSE:EOCC) has declined 25.03% since April 8, 2016 and is downtrending. It has underperformed by 30.68% 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 Enel Generacion Chile SA (ADR) (NYSE:EOCC) news were published by: Reuters.com which released: “Endesa Chile’s shareholders approve name change to Enel Generacion Chile” on October 05, 2016, also Reuters.com with their article: “Court orders Empresa Nacional de Electricidad SA to suspend energy transmission from Bocamina plant” published on December 31, 2015, Reuters.com published: “Empresa Nacional de Electricidad SA suspends trading, to delist from Latibex” on December 01, 2015. More interesting news about Enel Generacion Chile SA (ADR) (NYSE:EOCC) were released by: Reuters.com and their article: “Empresa Nacional de Electricidad SA declares interim dividend payment” published on November 30, 2015 as well as Reuters.com‘s news article titled: “Empresa Nacional de Electricidad SA declares dividend payment No. 58” with publication date: April 28, 2015.
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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