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Exelon Corp: The Winning Streak Continues (EXC)

By David Diaz

Exelon Corp (NYSE:EXC) traded today at a new 52-week high of $49.73. This new high was reached on below average trading volume as 164,000 shares traded hands, while the average 30-day volume is approximately 2.9 million shares.

Exelon Corp (NYSE:EXC) defies analysts with a current price ($49.53) 13.4% above its average consensus price target of $42.91. Exelon Corp shares have support at the 50-day moving average (MA) of $47.07 and additional support at the 200-day MA of $44.38.

Exelon Corporation is a utility services holding company. The Company, through its subsidiaries, distributes electricity to customers in Illinois and Pennsylvania. Exelon also distributes gas to customers in the Philadelphia area as well as operates nuclear power plants in states that include Pennsylvania and New Jersey.

In the past 52 weeks, shares of Exelon Corp have traded between a low of $37.20 and a high of $49.73 and are now at $49.53, which is 33% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.6% while the 200-day MA has risen 0.3%.

SmarTrend recommended that subscribers consider buying shares of Exelon Corp on January 23rd, 2019 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $46.57. Since that recommendation, shares of Exelon Corp have risen 6.6%. We continue to monitor EXC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: 52 week high/lows exelon corp

Ticker(s): EXC