SRE, PCG, and EIX: Analyzing Top California Utilities

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Part 3
SRE, PCG, and EIX: Analyzing Top California Utilities PART 3 OF 9

What SRE, PCG, and EIX’s Chart Indicators Mean

Moving averages

In this part, we’ll look at the chart indicators for the utility stocks under our consideration. Currently, PG&E (PCG) stock is trading near its 52-week high. The stock still looks strong considering its simple moving average levels. On August 22, 2017, PG&E was trading 3% and 7% above its 50-day and 200-day moving average levels, respectively. Its 50-day moving average near $67.70 might act as a support going forward. Currently, it’s trading at $69.67.

PG&E’s RSI (relative strength index) stands at 68. The RSI is momentum oscillator that takes values between zero and 100. Values above 70 indicate that the stock is trading in the “overbought” zone, while values below 30 are considered to be in the “oversold” zone.

What SRE, PCG, and EIX&#8217;s Chart Indicators Mean

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Which utility stock looks strong?

Edison International (EIX) is trading 1% and 4% above its 50-day and 200-day moving averages, respectively. Levels near $79.0 might act as a support for the company in the short term. Currently, it’s trading at $80.10. Edison International has its RSI near 61.

Sempra Energy (SRE) is trading 4% and 9% above its 50-day and 200-day simple moving average levels, respectively. The strength in Sempra Energy stock is highlighted by the large premium to both of its moving average levels. Its 50-day moving average with levels around $114.0 might be a support for Sempra Energy going forward. Currently, Sempra Energy is trading at $118.28. Sempra Energy’s RSI is 69.

Sempra Energy stock hit an all-time high of $118.78 following the news of the Oncor acquisition. To learn more about the Sempra-Oncor deal, read Big Move: Sempra Energy Agrees to Buy Oncor.

Considering the moving averages, all of the three utility stocks seem fairly strong. The momentum might continue in the short term.

US utility stocks have been showing a noteworthy uptrend for the last few months and they still seem strong. To learn what to expect from the SPX utilities (XLU), read US Utilities’ Weekly Review: Chart Indicators, Outlook, and More.


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