Huaneng Power International Has Risen 5.79% Since the Day of the S&P US Rating Downgrade (HNP)


On 08/08/11, the first market day after S&P downgraded the nation's credit rating, Huaneng Power International (NYSE:HNP) reached a low of $16.57 and has since moved 5.8% higher to its most recent close of $17.53. Over the same time period the Dow Jones Industrial Average has risen 3.4% from 10,810 to 11,177 as of the last close.

In the past 52 weeks, shares of Huaneng Power International have traded between a low of $16.25 and a high of $25.83 and are now at $17.53, which is 8% above that low price. In the last five trading sessions, the 50-day moving average (MA) has fallen 1.5% while the 200-day MA has slid 0.4%.

Huaneng Power International, Inc. develops, constructs, owns and operates coal-fired power plants throughout China.

There is potential upside of 59.8% in shares of Huaneng Power International based on a current price of $17.53 and an average consensus analyst price target of $28.01. Huaneng Power International shares should first meet with resistance at the 50-day moving average (MA) of $19.66 and find additional resistance at the 200-day MA of $21.74.



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