Constellation Energy $CEG leading the energy transition?
Constellation Energy provides power, natural gas, renewable energy, and energy management products and services. They are the largest producer of carbon-free and low-emissions energy in the US.
CEG
is in a clear uptrend with great relative strength against its benchmarks. Just look at
XLE
and
QCLN
.
CEG
is clearly leading.
I see an actionable first buy at yesterday's high as that would cancel the outside reversal. It would be very bullish.
A second buy point is at $90.20, which would be an ATH.
Lets see if the MAs can hold the price.
CEG
is in a clear uptrend with great relative strength against its benchmarks. Just look at
XLE
and
QCLN
.
CEG
is clearly leading. I see an actionable first buy at yesterday's high as that would cancel the outside reversal. It would be very bullish.
A second buy point is at $90.20, which would be an ATH.
Lets see if the MAs can hold the price.
Comment:
Breakout above $90.20, I'll add to my position depending on the close
Trade closed: stop reached