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Look for Shares of Exelon Corp to Potentially Pullback after Yesterday's 2.44% Rise

By Amy Schwartz

Exelon Corp (NYSE:EXC) traded in a range yesterday that spanned from a low of $36.45 to a high of $37.00. Yesterday, the shares gained 2.4%, which took the trading range above the 3-day high of $36.27 on volume of 3.3 million shares. Often times after large one-day gains, short term traders will seek to take profits and, as such, investors should be cautious.

In the past 52 weeks, Exelon Corp share prices have been bracketed by a low of $29.82 and a high of $37.70 and are now at $36.94, 24% above that low price. 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