 |
 |
 |
|
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 Featured MNV Articles:
| Consolidated Edison, Inc. Stock Getting OverboughtBy Energy Stock Channel Staff, Tuesday, December 27, 11:26 AM ET
In trading on Tuesday, shares of Consolidated Edison, Inc. (NYSE:ED) entered into overbought territory, changing hands as high as $62.457 per share. We define overbought 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 overbought if the RSI reading rises above 70. In the case of Consolidated Edison, Inc., the RSI reading has hit 71.1 — by comparison, the universe of energy stocks covered by Energy Stock Channel currently has an average RSI of 53.8, the RSI of WTI Crude Oil is at 58.2, and the RSI of Henry Hub Natural Gas is presently 35.3. Investors could look at ED's 71.1 reading as a sign that the recent heavy buying is peaking which could mean shares are due for a pullback. Looking at a chart of one year performance (below), ED's low point in its 52 week range is $48.55 per share, with $62.457 as the 52 week high point — that compares with a last trade of $62.34. Consolidated Edison, Inc. shares are currently trading up about 0.6% on the day.
ED operates in the Electric Utilities sector, among companies like Wisconsin Energy Corp. (NYSE:WEC) which is up about 0.7% today, and CenterPoint Energy, Inc (NYSE:CNP) trading higher by about 0.2%. Below is a three month price history chart comparing the stock performance of ED, versus WEC and CNP.
Free Trial: ''ETF CHANNEL FLEXIBLE GROWTH INVESTMENT PORTFOLIO'' The ETF Channel Flexible Growth Investment Portfolio is designed to seek growth for investors — anywhere and everywhere. The key to the program is our portfolio strategy allows us complete flexibility in terms of asset allocation as there are no predetermined guidelines as to the level of stocks, bonds, cash, regions, countries, sectors, commodities, or even asset classes in the portfolio! In short, this is a completely flexible portfolio designed to follow the performance trail wherever it leads us.
Find the right mix of model portfolios today at PortfolioChannel.com
This Article's Word Cloud:
Channel
Consolidated
Crude
Edison
Energy
Investment
NYSE
Relative
Tuesday
Utilities
about
above
allows
analysis
asset
chart
classes
completely
considered
could
countries
currently
designed
entered
flexibility
follow
growth
high
indicator
overbought
performance
point
portfolio
pullback
reading
regions
share
shares
short
stock
stocks
territory
that
today
trading
universe
using
week
which
with
|
Now Playing:
Learn About The RSI
Start slideshow: