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After Yesterday's Rally of 2.30% Shares Could Potentially Pullback

By Amy Schwartz

Exelon Corp (NYSE:EXC) traded in a range yesterday that spanned from a low of $36.58 to a high of $37.44. Yesterday, the shares gained 2.3%, which took the trading range above the 3-day high of $37.13 on volume of 2.2 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

Over the past year, Exelon Corp has traded in a range of $29.82 to $37.70 and is now at $37.31, 25% above that low. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.9%.

SmarTrend is tracking the current trend status for Exelon Corp and will alert subscribers who have EXC in their portfolio or watchlist when shares have changed trend direction.

Keywords: rebounders exelon corp

Ticker(s): EXC