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Where Duke Energy Stock Could Go from Here


Mar. 27 2019, Published 7:24 a.m. ET

Moving averages

Duke Energy (DUK) stock is trading at its all-time high, which is above its support levels. The premium of 2% and 7% to Duke Energy’s 50-day and 200-day moving average levels, respectively, represents the strength in the stock. Duke Energy’s 50-day level around $88.4 could act as a support for the stock in the short term. The company’s RSI at 64 indicates that the stock isn’t overbought or oversold.

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Southern Company

Southern Company (SO) stock is trading at $52.05, which is almost 5% and 11% above its 50-day and 200-day moving average levels, respectively. The company’s 50-day levels close to $49.4 might act as a support for the stock in the near future. The stock is trading in the overbought zone. Southern Company’s RSI crossed 70. Extreme RSI levels suggest an impending reversal in the stock’s direction.

Implied volatility

Recently, utilities (XLU) at large had implied volatility levels around 12%—close to the 15-day average. The implied volatility represents investors’ nervousness. A rise in the implied volatility is usually associated with a fall in the stock prices. SPY had an implied volatility of 14% on March 25, which was higher than its 15-day average. Southern Company and Duke Energy shares exhibited some of the lowest implied volatility levels close to 14%.

To learn about XLU’s chart indicators, read XLU: Where Utility Stocks Could Go from Here.


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