BKH Looking for a breakoutBreaking out of 16 Month Long Ascending Triangle
200 DMA Holding dips
Volume is on lower side
Pays out dividends
4.68%
3.86USD
258.387MUSD
2.552BUSD
67.531M
About Black Hills Corporation
Sector
Industry
CEO
Linden R. Evans
Website
Headquarters
Rapid City
Employees (FY)
2.982K
Founded
1883
ISIN
US0921131092
Black Hills Corp. is a diversified energy company. It operates through the following segments: Electric Utilities, Gas Utilities, and Corporate and Other. The Electric Utilities segment generates, transmits, and distributes electricity in Colorado, Montana, South Dakota, and Wyoming. The Gas Utilities segment provides natural gas in Arkansas, Colorado, Iowa, Kansas, Nebraska, and Wyoming. The Corporate and Other segment covers certain unallocated corporate expenses. The company was founded in 1883 and is headquartered in Rapid City, SD.
$BKH. Triple double : strong resistance line channelThis is my take on a triple top resistance and a double top. On a daily chart outlining Two distinct areas of resistance that when drawn create a resistance channel giving you a clear range of trade. The double top resistance must chart below the triple top resistance. So this tells us two things on
Bearish Engulfing after rally and dojiWhat a signal bar!
The long rally which started in January 2020 comes to an end now with a bearish engulfing pattern confirming a doji.
BKH held trendline supportAfter falling out of its channel the other day, Black Hills Corp. hit critical trendline support and held it pretty decisively. It's looking like a long from here.
Black Hills Corporation uptrendBlack Hills Corporation has established an uptrend and sung down near the bottom of its channel in the last few days. This offers a buying opportunity.
It's finding some support at June 20 lows of 79.44. It should move above that level by the end of the week. It next reports earnings August 5 and
BKH - a utilities nameUsually utilities are not so attractive given its defensive nature, but a couple of names are setting up like this one BKH or PAM which has already gone up. Will keep track of the name to see how it goes.
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