Only a move below $69 would call into question the bull case now. 
Investors operating on a longer time horizon likely will wait for positive signals on the weekly chart before committing. 
The electrics have been crackling, but the group has more downside risk than currently perceived.
Shares of the electric company could be heading to the $60 area. 
Traders looking to buy Scana or add to existing positions should look for a dip towards support, which begins at $62 now.
I'd rather own it than sell it short. 
Technical clues suggest the worst is over.

Calpine Can Power Higher Real Money Pro($)

Use an initial stop under the 50-day moving average.
AEP should easily reach our earlier target of $65, and a close over $65 could open up the possibility of a longer-term objective in the $70 area.
And it still has room to run as utilities stocks are on the rise.

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