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4EXC trade ideas

Exelon CorporationExelon Corporation is one of the nation's largest electric utilities. The company has one of the industry's largest portfolios of electricity generation capacity, with a nationwide reach and strong positions in the Midwest and Mid-Atlantic. Exelon (Nasdaq: EXC) is a Fortune 250 company and the nation’s largest utility company, serving more than 10 million customers through six fully regulated transmission and distribution utilities: 1. Atlantic City Electric (ACE) 2. Baltimore Gas and Electric (BGE) 3. Commonwealth Edison (ComEd) 4.Delmarva Power & Light (DPL) 5. PECO Energy Company (PECO) 6. Potomac Electric Power Company (Pepco). More than 19,000 Exelon employees dedicate their time and expertise to supporting our communities through reliable, affordable, and efficient energy delivery, workforce development, equity, economic development, and volunteerism Exelon is a critical company that contributes to the prosperity of all sectors of the American economy through connecting and powering businesses.
NASDAQ:EXCLong
by Candles254
EXC: completing the V-shape correction?1. V-Shape Correction: A standout feature in the recent price movement is the V-shape correction. This formation often indicates a sharp reversal in trend. After a swift drop, the price has recovered with equivalent vigour, suggesting a possible change in sentiment among traders and investors. 2. 200-Day Moving Average: The stock has had significant interactions with the 200-day moving average, a vital indicator for gauging long-term trends. Currently, the price is below this average, which could act as a resistance level in the immediate term. 3. Fibonacci Retracement Levels: Currently, the stock is oscillating near the 50.0% retracement level. The area around the 61.8% retracement is marked as "increase exposure around 41.00," indicating that this could be a strategic level to monitor for trade entries or adjustments. 4. Target and Stop Levels: A bullish target is set at $42.00, presenting a potential upside of +5.4%. On the flip side, a stop is suggested at $39.00, indicating a potential risk of -2.1%. With a win/loss ratio of 2.8:1, the potential reward outweighs the potential risk by nearly threefold, presenting a favourable scenario for those with a bullish outlook. Conclusion: Exelon Corporation's chart paints a picture of recovery following a sharp decline. The V-shape correction, combined with interactions at key Fibonacci levels, suggests potential opportunities for traders. However, the 200-day moving average might act as a near-term resistance.
NASDAQ:EXCLong
by Peet_Serfontein
Exelon Complex Inverted H&S PatternExelon is seeing gains with the energy sector as oil moves higher this week. Price has formed a complex inverted H&S pattern with price recently coming up off a second right shoulder and is currently testing the neckline. Price is currently trading above all MAs(8,21,34,50,100,200) and the shorter MA's are crossing above the longer MAs indicating a shift to bullish price trend. The lower PPO indicator is showing the green PPO line rising above the purple signal line which is also rising, and indicates short-term bullish momentum. Both lines trending above the 0 level indicates intermediate to long-term bullish momentum. The lower TDI indicator shows a rising green RSI line which just recently crossed above the 60 level and indicates a short-term bullish trend. The green RSI line is above the purple signal line and is currently trading outside of the upper Bollinger Band which is a bullish signal and you want to stay long while the RSI line is above the upper Bollinger Band... but caution is warranted because price tends to correct after the RSI falls back below the upper band. Should price break up above the neckline it would be bullish going forward and start to validate the complex inverted H&S pattern. At current levels we'd be watching for a close and open above the neckline around the $43 area. Taking a measured move from the head to neckline we get $11. This $11 would then be added to breakout level of $43 which gives us a projected price target near $44. My buy price on this trade is $42.17. My stop-loss is currently set at $39.55. Risk/loss on the trade is roughly -4%. Potential gain is roughly +22%.
NASDAQ:EXCLong
by PrepForProfit