March 22, 2021, 3:28 p.m. EDT

Reading the Charts in Exelon $EXC to Generate Trading Plans

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Mar 22, 2021 (Stock Traders Daily via COMTEX) -- When we read the charts for Exelon /zigman2/quotes/205982254/composite EXC -0.18% we are able to reach conclusion that are not otherwise discernable. We can see where buy signals exist, where sell signals exist, and where risk controls should be implemented. These are what create trading plans. The example here is for EXC and it demonstrates this practice. This data is current, but it is not real time. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports .

Technical Summary

The Technical Summary and Trading Plans for EXC help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this EXC Report.

The technical summary data tells us to buy EXC near 42.64 with an upside target of 44.87. This data also tells us to set a stop loss @ 42.52 to protect against excessive loss in case the stock begins to move against the trade. 42.64 is the first level of support below 42.785 , and by rule, any test of support is a buy signal. In this case, support 42.64 is being tested, a buy signal would exist.

The technical summary data is suggesting a short of EXC as it gets near 44.87 with a downside target of 42.64. We should have a stop loss in place at 45though. 44.87 is the first level of resistance above 42.785, and by rule, any test of resistance is a short signal. In this case, if resistance 44.87 is being tested, a short signal would exist.

COMTEX_383180785/2570/2021-03-22T15:28:29

Is there a problem with this press release? Contact the source provider Comtex at editorial@comtex.com. You can also contact MarketWatch Customer Service via our Customer Center.

/zigman2/quotes/205982254/composite
US : U.S.: Nasdaq
$ 44.44
-0.08 -0.18%
Volume: 5.76M
May 11, 2021 4:00p
P/E Ratio
39.72
Dividend Yield
3.44%
Market Cap
$43.50 billion
Rev. per Employee
$1.04M
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