Thursday showed a Signal Day to the short side, making today, Friday, an Entry Day. Price properly retraced making this an acceptable R/R trade. Note the potential trendline support as a potential obstacle.
Other news for EXC:
Inside Exelon’s 2Q16 Earnings: Is It Set to Soar in 2016? PART 5 OF 5 According to Wall Street analysts, Exelon ( EXC) has a price target of $38.17 against its current Market price of $36.30. This implies an estimated upside of just 5% in one year.
Inside Exelon’s 2Q16 Earnings: Is It Set to Soar in 2016? PART 4 OF 5 In the last year, Exelon ( EXC) has risen nearly 13%. Its total returns, or capital gain plus dividend income, was more than 16%. It outperformed many hybrid utility peers.
Exelon Corporation EXC, at its recently held Analyst Day, announced a concrete plan for growth and discussed strategies that can drive its performance over 2016 to 2020. The objective of Exelon is to invest in infrastructure while generating clean and affordable electricity for its customers.