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jrinaldi97
Apr 17, 2014 10:36 PM

LONG Opportunity Inside a Bearish Flag for ED Long

NYSE:ED1W
Consolidated Edison, Inc.NYSE

Description

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Inside a bearish flag, where I see prices decline in the long term, I am seeing an opportunity for a long position which will bring ED back to the 23.6% retrace of 2012 highs. Long here with a target of $58.14 and a stop level at $56.10.
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