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Exelon Corp (EXC) Breaks Through Resistance at $40.73

By Shiri Gupta

Exelon Corp (NYSE:EXC) has opened bullishly above the pivot of $40.32 today and has reached the first level of resistance at $40.73. Should the shares continue to rise, the resistance pivots of $40.97 and $41.62 will be of interest.

In the past 52 weeks, shares of Exelon Corp have traded between a low of $35.37 and a high of $42.67 and are now at $40.81, which is 15% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 0.2% while the 200-day MA has remained constant.

Exelon Corp has overhead space with shares priced $40.81, or 4.9% below the average consensus analyst price target of $42.91. The stock should discover initial support at its 50-day moving average (MA) of $39.77 and subsequent support at its 200-day MA of $39.08.

SmarTrend is monitoring the recent change of momentum in Exelon Corp. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Exelon Corp in search of a potential trend change.

Keywords: pivot alerts exelon corp

Ticker(s): EXC