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Look for Shares of Exelon Corp to Potentially Rebound after Yesterday's 1.23% Sell Off

By James Quinn

Exelon Corp (NYSE:EXC) traded in a range yesterday that spanned from a low of $39.58 to a high of $40.27. Yesterday, the shares fell 1.2%, which took the trading range below the 3-day low of $39.87 on volume of 1.3 million shares. Often times after large one-day declines, short-term traders may play for some degree of mean reversion.

In the past 52 weeks, Exelon Corp share prices have been bracketed by a low of $29.82 and a high of $42.67 and are now at $39.73, 33% above that low price. The 200-day and 50-day moving averages have moved 0.12% higher and 0.86% higher over the past week, respectively.

SmarTrend recommended that subscribers consider buying shares of Exelon Corp on March 20th, 2018 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $38.37. Since that recommendation, shares of Exelon Corp have risen 4.8%. We continue to monitor EXC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders exelon corp

Ticker(s): EXC