CIG has climbed above its 200 day MA which could possible indicate a trend change, For the last month CIG has been climbing and is up nearly $0.70 from $1.47. I expect the price to continue to increase for the next few days. If the price breaks resistance and maintains that level it would be a optimum buying point; however, if not that look for a dip buy.
$CIG has been running the past three days, will be watching this one to see how it reacts out of the gates tomorrow morning, usually reacts well to being over sold so i'll give it a little room to wiggle before the breakdown short entry with my stop being slightly above the $2 level
