Subscribe for free stock alerts!

Wednesday, March 28, 2012

Utilities Stocks Moving Actively Today (CNP) (DUK) (EP) (ED) (EXC)

CenterPoint Energy, Inc. (NYSE: CNP): fell by 1.28% or $-0.25/share to $19.29. In the past year, the shares have traded as low as $17.10 and as high as $21.47. On average, 4969670 shares of CNP exchange hands on a given day and today's volume is recorded at 1984473. The shares are currently trading below the 200-day moving average but above the 50-day moving average. The stock may be range bound between these two levels where the 200-day moving average of $19.49 represents resistance and the 50-day moving average of $19.09 would be an area of support.

Duke Energy Corporation (NYSE: DUK): fell by 0.26% or $-0.055/share to $21.00. In the past year, the shares have traded as low as $16.87 and as high as $22.12. On average, 10758300 shares of DUK exchange hands on a given day and today's volume is recorded at 1633841. The shares are currently trading below the 50-day moving average but above the 200-day moving average. The stock may be range bound between these two levels where the 50-day moving average of $21.10 represents resistance and the 200-day moving average of $20.73 would be an area of support.

El Paso Corp (NYSE: EP): fell by 0.33% or $-0.1/share to $29.83. In the past year, the shares have traded as low as $16.30 and as high as $30.30. On average, 9557560 shares of EP exchange hands on a given day and today's volume is recorded at 1018024. The shares are currently trading above the 50-day moving average which indicates that the shares have been experiencing strong upward momentum as the 50 DMA is above the 200 DMA. The stock may come back down to test the 50-day moving average, so look for a move back to the $28.19 area where the stock will likely see buying pressure.

Consolidated Edison, Inc. (NYSE: ED): fell by 0.03% or $-0.02/share to $57.79. In the past year, the shares have traded as low as $49.18 and as high as $62.74. On average, 1845620 shares of ED exchange hands on a given day and today's volume is recorded at 508171. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $58.19 area but be careful because the stock may face selling pressure at this level.

Exelon Corporation (NYSE: EXC): fell by 0.20% or $-0.08/share to $39.01. In the past year, the shares have traded as low as $38.31 and as high as $45.45. On average, 7537520 shares of EXC exchange hands on a given day and today's volume is recorded at 673835. The shares are currently trading below the 50-day and 200-day moving averages which indicates that the shares have been experiencing downward momentum. The stock may bounce back to test the 200-day moving average. Thus, you may want to pay close attention for a move up to the $39.14 area but be careful because the stock may face selling pressure at this level.