Recent 52-Week High Exceeded in Shares of Korea Electric Power (KEP)
Korea Electric Power (NYSE:KEP) traded at a new 52-week high today of $15.80. So far today approximately 445,000 shares have been exchanged, as compared to an average 30-day volume of 934,000 shares.
Korea Electric Power Corporation (KEPCO) generates, transmits, and distributes electricity to South Korea for a variety of uses. The Company also builds and operates hydro-power, thermal-power, and nuclear power units in South Korea.
Korea Electric Power (NYSE:KEP) is currently priced 6.8% above its average consensus analyst price target of $14.70. The stock should find initial support at its 50-day moving average (MA) of $13.02 and further support at its 200-day MA of $11.27.
Korea Electric Power share prices have moved between a 52-week high of $15.80 and a 52-week low of $9.27 and are now trading 70% above that low price at $15.77 per share. Over the last five market days, the 200-day moving average (MA) has gone up 0.8% while the 50-day MA has advanced 1.3%.
SmarTrend recommended that subscribers consider buying shares of Korea Electric Power on June 20th, 2012 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $10.60. Since that recommendation, shares of Korea Electric Power have risen 45.3%. We continue to monitor KEP for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.
Keywords: 52 week high/lows korea electric power