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Watch for Continued Gains in Shares of Pepco Holdings (POM)

Published on Mon, 04/29/2013 - 14:23
By Peter Chu

Shares of Pepco Holdings (NYSE:POM) traded today at $22.60, breaking its 52-week high. This new high was reached on below average trading volume as 1.2 million shares traded hands, while the average 30-day volume is approximately 2.1 million shares.

Pepco Holdings, Inc. is a diversified energy company. The Company primarily distributes, transmits, and supplies electricity and supplies natural gas to customers in New Jersey, Delaware, Maryland, and the District of Columbia.

In the past 52 weeks, shares of Pepco Holdings have traded between a low of $18.47 and a high of $22.60 and are now at $22.45, which is 22% above that low price. In the last five trading sessions, the 50-day moving average (MA) has climbed 1.1% while the 200-day MA has risen 0.3%.

Based on a current price of $22.45, Pepco Holdings is currently 10.9% above its average consensus analyst price target of $20.00. The stock should find initial support at its 50-day moving average (MA) of $21.03 and further support at its 200-day MA of $19.84.

By Peter Chu