EXELON CORP
(EXC-NYSE):
Technical Viewpoint: From a low
of $42.38 on Oct 10, 2002 prices
rallied, reaching a
high of $51.90
on Nov 6, 2002. A
decline saw prices pull back, reaching a
low of
$48.51 on Nov 12, 2002.
Another rally saw prices penetrate
resistance, closing 12/9/02
at $51.72. Technicals: MACD-Histogram (MACD-H): A Buy Alert!
was given on Oct 18, 2002 when the Histogram crossed the "0" line to the upside.
Support: Remains at $49.75. Resistance: Is at $53.06.
Point & Figure: Reversed to the upside on Dec 9, 2002. A P&F upside
reversal takes place at $49.50. Summary: Technical indicators have turned bullish. BUY! EXELON CORP
(EXC-NYSE) @ $52.25 Stop: Use a protective stop of $49.75.
EXELON CORP is currently trading @ $51.72 plus $1.18 on Dec 9, 2002. Price Objective:
$64.50. Risk/Reward: $2.50 VS. $12.25. Today's Risk Reward Ratio: 5:1
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