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Exelon Shares Sinking Lower, Down 2.0%

Published on Fri, 09/20/2013 - 10:35
By Adrienne Chilton

Exelon (NYSE:EXC) is one of today's notable stocks in decline, down 2.0% to $30.23. The S&P is trading fractionally lower to 1,721 and the Dow is trading fractionally lower to 15,617.

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.

Over the past year, Exelon has traded in a range of $28.40 to $37.80 and is now at $30.23, 6% above that low. The 200-day and 50-day moving averages have moved 0.05% higher and 0.06% higher over the past week, respectively.

Potential upside of 15.0% exists for Exelon, based on a current level of $30.23 and analysts' average consensus price target of $34.75. The stock should find initial resistance at its 50-day moving average (MA) of $30.80 and further resistance at its 200-day MA of $31.85.

By Adrienne Chilton