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Consolidated Edison Company of New York, Inc. (ED) - Buy, Sell or Hold?

Sector: Public Utilities   Sub-Sector: Power Generation
Trade DateCurrent Candlestick PatternPrevious Candlestick PatternWhenPerformance Since
Fri, 17 Nov 2017NoneDojiFri, 10 Nov 2017-0.76%
***Stock database and scans are updated around midnight (New York time) every trading day.
86.53 0.00 (0%) Nov 17 4:00pm EDT
Open: 87.08 Range: 86.22 - 87.36 Vol: 3.07M Avg Vol: 1.4M
EPS: 4.13 P/E ratio: 20.82 EBITDA: 3.79B Mkt Cap: 26.30B
Analyze "ED" - FREE 30 Day Trial of Market Analyst 7
Short Term: Trend is Down
Last Trade is below the 5 day moving average at 87.84
Medium Term: Trading is Range Bound
Last Trade is below the 20 day moving average at 86.76
Last Trade is above the 50 day moving average at 84.36
Long Term: Trend is Up
Last Trade is above the 200 day moving average at 81.27
* Data normalized for Splits & Dividends. Report data issues
How to use this info: Stock Timing With Moving Averages
Daily Chart of ED

Stock Trend Analysis - Buy, Sell or Hold "Consolidated Edison Company of New York, Inc." (ED)?

ED is in a long term trading range with an upward bias. The last 52 weeks has seen this stock maintain an upward swing with about 73% of the time spent trading above the 200 day moving average. The 50 day moving average also indicates range bound trading but with a general bullish upside bias. Even the 20 day moving average is exhibiting similar bullish bias in a trading range. For adventurous traders, once a trading range is identified, a viable strategy is to short breakouts and buy breakdowns with the expectation ED will return into the established trading range. However, a more conservative and higher probability trade is to still buy dips as the longer term trend is still up. A good place to accummulate longs is at the 200 SMA currently near 81.27. Click here for the latest support & resistance levels to help you finetune your entry into or exit out of "ED".

The analyst consensus estimates for the 1 year price target for this stock is $78.10* (*source: Yahoo Finance).

Objective Technical Analysis by BannRonn TA LogicEngine ver 1.1. Last Updated - Fri, 17 Nov 2017
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