Death Cross Threatens Exelon Investors – Exelon (NASDAQ:EXC)

If history is any guide, there may be trouble ahead for the actions of Exelon EXC. A so-called “death cross” has formed on its chart and, unsurprisingly, this could be bearish for the stock.

What there is to know: Many traders use moving average crossover systems to make their decisions.

When a short-term average price rises above a longer-term average price, it can mean that the stock is trending higher. If the short-term average price crosses below the long-term average price, it means the trend is down.

Why it matters: 50 and 200 day simple moving averages are commonly used.

The death cross occurs when the 50 days pass below the 200 days. This could mean that the long-term trend is changing.

This just happened with Exelon, which is trading around $39.72 at press time.

Remember: Seasoned investors don’t trade death crosses blindly.

Instead, they use it as a signal to start looking for short positions based on other factors, such as price levels and company fundamentals and events.

For seasoned investors, this is just a sign that it may be time to start considering possible short positions.

With that in mind, take a look at Exelon’s past and future earnings forecasts:

Trimester Q2 2022 Q1 2022 Q4 2021 Q3 2021
EPS estimate 0.46 0.66 0.87 1.09
Actual EPS 0.44 0.64 0.90 1.09
Revenue estimate 3.99B 4.62B 9.63B 8.39B
Actual turnover 4.24B 5.33B 9.63B 8.91B

Also consider this overview of Exelon’s analyst ratings:

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This article was generated by Benzinga’s automated content engine and reviewed by an editor.

Robert D. Coleman