Alliant Energy (NYSE:LNT) traded today at a new 52-week high of $50.25. This new high was reached on below average trading volume as 250,000 shares traded hands, while the average 30-day volume is approximately 446,000 shares.
Alliant Energy Corporation provides public-utility service to customers in the Midwest. The Company's utility subsidiaries serve electric, natural gas, and water customers in Illinois, Iowa, Minnesota, and Wisconsin.
Alliant Energy (NYSE:LNT) has potential upside of 1.2% based on a current price of $49.74 and analysts' consensus price target of $50.33. The stock should find initial support at its 50-day moving average (MA) of $47.54 and further support at its 200-day MA of $45.55.
Over the past year, Alliant Energy has traded in a range of $42.00 to $50.25 and is now at $49.74, 18% above that low. Over the last five market days, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.4%.