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.
Note
Breakout above $90.20, I'll add to my position depending on the closeTrade closed: stop reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.