Exelon Shares Sinking Lower, Down 2.0%

Published on Wed, 02/11/2015 - 14:06
By Robert Cotter in Market movers, EXC, exelon, market movers, nyse:exc

Exelon (NYSE:EXC), a company whose shares are moving quickly, is trading 2.0% lower to $34.29. The S&P is currently trading 0.4% lower to 2,061 and the Dow Jones Industrial Average is trading 0.4% lower to 17,789.

Exelon Corporationis utility services holding company. The Company, through its subsidiaries distributes electricity to customers in Illinois and Pennsylvania. Exelon also distributes gas to customers in the Philadelphia area as well as operates nuclear power plants in states that include Pennsylvania and New Jersey.

Exelon share prices have moved between a 52-week high of $38.93 and a 52-week low of $28.79 and are now trading 19% above that low price at $34.29 per share. The 200-day and 50-day moving averages have moved 0.05% lower and 0.09% lower over the past week, respectively.

Exelon (NYSE:EXC) has potential upside of 11.9% based on a current price of $34.29 and analysts' consensus price target of $38.38. The stock should run into initial resistance at its 200-day moving average (MA) of $35.05 and subsequent resistance at its 50-day MA of $36.66.

By Robert Cotter
rcotter@fnno.com

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