The Chart of the Day belongs to Xcel Energy (XEL). I found the electric utility stock by sorting the All Time High list for the stocks with the highest technical buy signals, then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 12/18 the stock gained 6.82%
Xcel Energy Inc. is predominantly an operating public utility engaged in the generation, transmission and distribution of electricity and the transportation, storage and distribution of natural gas.
Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.
Barchart technical indicators:
- 100% Barchart technical buy signals
- Trend Spotter buy signal
- Above its 20, 50 and 100 day moving averages
- 6 new highs and up 6.58% in the last month
- Relative Strength Index 68.84%
- Barchart computes a technical support level at 37.23
- Recently traded at 37.76 with a 50 day moving average of 35.19
Fundamental factors:
- Market Cap $19.08 billion
- P/E 19.37
- Dividend yield 3.19%
- Revenue expected to grow 5.30% this year and another 3.60% next year
- Earnings estimated to increase by 2.10% this year, an additional 5.00% next year and continue to increase an an annual rate of 4.32% for the next 5 years
- Wall Street analysts issued 2 strong buy, 1 buy and 13 hold recommendations on the stock
Technical trading strategies have not worked on this stock so hold it for its dividends.
No comments:
Post a Comment