LONG OEWA (VERBUND)Expecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
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About VERBUND AG ADR 1/5/O.N
Sector
Utilities
Industry
Electric Utilities
CEO
Michael Strugl
Website
verbund.com
Headquarters
Vienna
Employees
3.712K
Founded
1947
ISIN
US92336Y1073
VERBUND AG engages in the production and distribution of electricity. It operates through the following segments: Hydro, New Renewables, Sales, Grid, and All Other. The Hydro segment includes hydropower generation technology. The New Renewables segment consists of wind and photovoltaic generation technologies. The Sales segment is involved in trading activities. The Grid segment encompasses the operations of Austrian Power Grid AG. The All Other segment refers to electricity and thermal generation, infra-group business activities, and equity interests. The company was founded in 1947 and is headquartered in Vienna, Austria.
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