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Technical Briefing on FirstEnergy, Dominion Resources, American Electric Power, and Entergy


Published on 2013-03-26 06:01:16 - Market Wire
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Technical Briefing on FirstEnergy, Dominion Resources, American Electric Power, and Entergy -- LONDON, March 26, 2013 /PRNewswire/ --

LONDON, March 26, 2013 /PRNewswire/ --

First trading day of the week saw the continuation of the downward trend and all the major indices closed in the red zone. The shares were under pressure due to the ongoing Cyprus crisis. Despite the beleaguered country scoring a deal with the IMF, the problem still persists and is likely to continue affecting the markets in a negative way. In light of this, we studied the Utilities sector and followed the movements of major companies in the Electric Utilities industry which includes FirstEnergy Corp. (NYSE: [ FE ]), Dominion Resources Inc. (NYSE: [ D ]), American Electric Power Co. Inc. (NYSE: [ AEP ]) and Entergy Corporation (NYSE: ETR).StockCall has posted free technical research reports on FE, D, AEP, and ETR and these can be accessed by signing up at

[ http://www.stockcall.com/analysis ]

FirstEnergy Corp.'s stock is in a neutral mode and is trading above its 20-day SMA of $40.73. It ended its latest trading session at $40.76, 0.22 percent down and the stock oscillated in the range of $40.54 and $41.21 during Monday's session. FirstEnergy traded 2.46 million shares, down from its usual trading volume of 3.38 million shares. The stock trades at Price/Earnings ratio of 22.15 and its beta is 0.41, making it an inert stock. The electric utilities company is expected to face its first resistance level at $40.89. Upon breaching this level, the stock may touch $41.72. Download the free report on FE upon registration at

[ http://www.StockCall.com/FE032613.pdf

Dominion Resources Inc.'s stock closed at $56.86, 0.16 percent lower. The stock traded in the range of $56 and $57.13 during yesterday's session. It is currently above its 20-day moving average price of $56.82. It traded 2.20 million shares during its Monday's session. Dominion declined 0.25 percent so far this year. Its Price/Earnings ratio is 99.75, making it an expensive stock to own. The company's stock is in a bullish phase and its first resistance level is at $57.76. On the downside, its first support is at $56.68. Upon breaching this level, its second support level is at $55.11. D technical report can be accessed for free by signing up at

[ http://www.StockCall.com/D032613.pdf

Despite a mild decline in its previous trading session, American Electric Power Co. Inc. is still up 12.91 percent for the year. It has gained 23.86 percent in the past 52 weeks. On Monday, the stock closed 0.42 percent lower at $47.66 on volume of 2.029 million shares. Its average trading volume stands at 2.72 million shares. American Electric Power's shares currently face resistance at around $48.85. The stock has support at around $48.85. It is trading above its 20-day and 50-day moving averages, which is a bullish signal. The stock shows very low volatility with the beta of 0.47. Free report on AEP can be accessed by registering at

[ http://www.StockCall.com/AEP032613.pdf ]

Entergy Corporation traded in the range of $61.42 and $62.65 during its Monday's trading session. It opened at $62.43 and closed at $61.67, down 1.14 percent. The stock is currently in a neutral mode and has its first resistance level at $62.72. Upon breaching this level, Entergy Corp. may go as high as $63.51. It traded 1.65 million shares and is below its 50-day moving average price. Its first support level is at $61.45. So far in 2013, the stock is down 1.45 percent. Register with StockCall and download the research on ETR for free at

[ http://www.StockCall.com/ETR032613.pdf ]

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