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Why Exelon Could Rally Even after Gaining 35% in 2016

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Technical indicators

Exelon (EXC) is currently trading at a 4% and 13% premium to its 50-day and 200-day moving averages, respectively. The strong premium to both its slower- and faster-moving averages indicates the strength of Exelon stock. Its relative strength index is 66, which indicate the stock is moving toward an overbought zone.

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RSI is a momentum indicator made up of values between 0 and 100. Movements below 30 are considered in the “oversold” zone. Movements above 70 are considered in the “overbought” zone.

Let’s look next at the total returns of utilities (XLU) (FXU).

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