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Watch for Continued Gains in Shares of Exelon Corp (EXC)

By David Diaz

Shares of Exelon Corp (NYSE:EXC) traded at a new 52-week high today of $43.62. So far today approximately 561,000 shares have been exchanged, as compared to an average 30-day volume of 5.3 million shares.

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.

Exelon Corp (NYSE:EXC) is currently priced 1.2% above its average consensus analyst price target of $42.91. Exelon Corp shares have support at the 50-day moving average (MA) of $41.82 and additional support at the 200-day MA of $39.90.

Exelon Corp share prices have moved between a 52-week high of $43.62 and a 52-week low of $35.57 and are now trading 22% above that low price at $43.43 per share. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.4% while the 200-day MA has risen 0.2%.

SmarTrend recommended that subscribers consider buying shares of Exelon Corp on May 31st, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $41.32. Since that recommendation, shares of Exelon Corp have risen 5.0%. 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