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Watch for Shares of Exelon Corp (EXC) to Approach Support at $48.72

By Nick Russo

Shares of Exelon Corp (NYSE:EXC) opened today below their pivot of $48.96 and have already reached the first level of support at $48.82. Should the shares continue to fall, the support pivots of $48.72 and $48.48 will be of interest.

Based on a current price of $48.74, Exelon Corp is currently 12.0% above its average consensus analyst price target of $42.91. Exelon Corp shares should encounter resistance at the 50-day moving average (MA) of $49.65 and support at its 200-day MA of $46.24.

Over the past year, Exelon Corp has traded in a range of $39.10 to $51.03 and is now at $48.74, 25% above that low. Over the past week, the 200-day moving average (MA) has gone up 0.3% while the 50-day MA has remained constant.

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