Looking Ahead: What to Expect for Xcel Energy Stock
Xcel Energy (XEL) stock has been trading in a narrow range for the last several weeks. On February 2, 2017, the stock was trading at a 2% premium and at par to its 50-day and 200-day moving averages, respectively. Breaking above its 200-day moving average or below its 50-day moving average might decide the trend in Xcel stock going forward.
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Relative strength index
Currently, Xcel’s RSI (relative strength index) stands at 60. RSI is a momentum indicator made up of values between zero and 100. Movements below 30 are considered in the “oversold” zone. Movements above 70 are considered in the “overbought” zone and can hint at an imminent reversal in the stock price.