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Watch for Exelon to Potentially Rebound After Falling 1.08% Yesterday

By Amy Schwartz

Exelon (NYSE:EXC) traded in a range yesterday that spanned from a low of $35.57 to a high of $36.11. Yesterday, the shares fell 1.1%, which took the trading range below the 3-day low of $35.70 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.

Over the past year, Exelon has traded in a range of $25.09 to $37.70 and is now at $35.63, 42% 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 recommended that subscribers consider buying shares of Exelon on November 28th, 2016 as our proprietary SmarTrend analytics indicated a new Uptrend was in progress when shares hit $33.18. Since that recommendation, shares of Exelon have risen 8.5%. We continue to monitor EXC for any potential shift so investors can protect gains and will alert SmarTrend subscribers immediately.

Keywords: rebounders exelon

Ticker(s): EXC