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Featured MNV Articles:
| Shares of EXC Now OversoldBy Energy Stock Channel Staff, Thursday, September 28, 11:23 AM ET
In trading on Thursday, shares of Exelon Corp (NASDAQ:EXC) entered into oversold territory, changing hands as low as $37.885 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Exelon Corp, the RSI reading has hit 28.3 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 47.6, the RSI of WTI Crude Oil is at 65.0, the RSI of Henry Hub Natural Gas is presently 63.3, and the 3-2-1 Crack Spread RSI is 28.9. A bullish investor could look at EXC's 28.3 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Looking at a chart of one year performance (below), EXC's low point in its 52 week range is $35.185 per share, with $44.365 as the 52 week high point — that compares with a last trade of $37.96. Exelon Corp shares are currently trading off about 2.2% on the day.
The EXC RSI information above was sourced from TechnicalAnalysisChannel.com Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation.
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