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Exelon (EXC) Basing at 55-EMA After Strong Run

Exelon (EXC) Basing at 55-EMA After Strong Run

by | May 19, 2022 | Chart SetUps

Exelon (EXC) strong trending name that has pulled back to the 55-EMA and based for the last couple weeks. EXC has been a relative strength name and above $48 could spark a nice run back at the prior highs. A measured move on the breakout targets $55. MACD has pulled back to zero and nearing a bull cross as momentum starts to inflect higher.