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Bearish Moving Average Cross by Exelon Corp (EXC)

By David Diaz

Today, shares of Exelon Corp (NYSE:EXC) have fallen below their 10-day MA of $45.09 on a volume of 392K shares. Swing traders may find an opportunity for a short position, as such a crossover often suggests lower prices in the near term.

In the past 52 weeks, shares of Exelon Corp have traded between a low of $42.19 and a high of $51.18 and are now at $44.97, which is 7% above that low price. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has declined 0.6%.

SmarTrend recommended that its subscribers protect gains by selling shares of Exelon Corp on July 22nd, 2019 by issuing a Downtrend alert when the shares were trading at $47.43. Since that call, shares of Exelon Corp have fallen 4.5%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: moving crosses exelon corp

Ticker(s): EXC