Watch for Shares of Pepco Holdings (POM) to Approach Resistance at $20.53

Published on Mon, 02/25/2013 - 10:44
By Adrienne Chilton in Pivot alerts, POM, nyse:pom, pepco holdings, pivot alerts

Pepco Holdings (NYSE:POM) has opened bullishly above the pivot of $20.15 today and has reached the first level of resistance at $20.39. Should the shares continue to rise, the resistance pivots of $20.53 and $20.91 will be of interest.

Pepco Holdings (NYSE:POM) defies analysts with a current price ($20.44) 2.2% above its average consensus price target of $20.00. The stock should discover initial support at its 50-day moving average (MA) of $19.62 and subsequent support at its 200-day MA of $19.39.

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 $18.14 and a high of $20.49 and are now at $20.44, which is 13% above that low price. Over the past week, the 200-day moving average (MA) has remained constant while the 50-day MA has advanced 0.2%.

By Adrienne Chilton
achilton@fnno.com

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