Exelon is Electrifying Upwards

  • Company: Exelon
  • Stock Ticker: EXC
  • Bias: Bullish 

Exelon Corporate has been slowly grinding upwards since hitting a low of $35.57 back in February of this year. With winter coming we can also expect electricity bills to rise and the pop above $45 last Friday is really nice, which is building a nice bullish case for this stock.

As someone who wants to go long EXC, I would look at placing a buy stop limit at $45 and place my protective stop at $43. This stop is below the 100 day moving average which has held as support since September. A break below this would invalidate this trade.

EXC Chart

 

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