ED Makes Notable Cross Below Critical Moving Average

By EnergyStockChannel.com,

Shutterstock photo

In trading on Monday, shares of Consolidated Edison, Inc. (Symbol: ED) crossed below their 200 day moving average of $55.60, changing hands as low as $54.75 per share. Consolidated Edison, Inc. shares are currently trading off about 1.3% on the day. The chart below shows the one year performance of ED shares, versus its 200 day moving average: Consolidated Edison, Inc. 200 Day Moving Average Chart

Looking at the chart above, ED's low point in its 52 week range is $52.23 per share, with $60.85 as the 52 week high point - that compares with a last trade of $55.30.

According to the ETF Finder at ETF Channel, ED makes up 4.18% of the First Trust Utilities AlphaDEX Fund ETF (Symbol: FXU) which is trading lower by about 1.3% on the day Monday.

Click here to find out which 9 other energy stocks recently crossed below their 200 day moving average »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing Commodities
Referenced Stocks: ED , FXU

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