CenterPoint Energy, Inc. is an energy delivery company operating electric and natural gas facilities in several states, including Indiana, Louisiana, Minnesota, Mississippi, Ohio, and Texas. The Electric segment includes Houston Electric and Indiana Electric businesses, while the Natural Gas segment handles intrastate sales, transportation, and distribution for various customers in the same states. They also offer permanent pipeline connections and home appliance maintenance and repair services in Minnesota, and home repair protection plans in Indiana, Mississippi, Ohio, and Texas through a third party.
When researching a stock like CenterPoint Energy, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from CNP Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for CNP stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the CNP 200 day moving average ("CNP 200 DMA"), while one of the most popular "shorter look-backs" is the CNP 50 day moving average ("CNP 50 DMA"). A chart showing both of these popular moving averages is shown on this page for CenterPoint Energy. |
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Video: Technical Analysis