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Watch for Exelon Corp to Potentially Pullback After Gaining 1.02% Yesterday

By David Diaz

Exelon Corp (NYSE:EXC) traded in a range yesterday that spanned from a low of $44.61 to a high of $45.29. Yesterday, the shares gained 1.0%, which took the trading range above the 3-day high of $44.81 on volume of 1.7 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, shares of Exelon Corp have traded between a low of $35.57 and a high of $45.22 and are now at $45.20, which is 27% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

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 8.3%. 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