In his second "Executive Decision" segment of Mad Money Friday night, Jim Cramer welcomed back Tom Farrell, chairman, president and CEO of Dominion Energy (D) , the mid-Atlantic utility with a 4.3% dividend yield.
Farrell said the company remains committed to renewable energy, and to becoming carbon neutral by 2050. They recently announced an agreement with Facebook (FB) to build a new solar farm. Dominion is also currently developing a wind generation facility off the coast of Virginia.
In this daily bar chart of D, below, we can see that prices have been in an uptrend the past 12 months. D is trading above the rising 50-day moving average line as well as the rising 200-day moving average line.
The daily On-Balance-Volume (OBV) line has been positive and so is the Moving Average Convergence Divergence (MACD) oscillator.
In this weekly bar chart of D, below, we can see a positive picture. Prices are above the rising 40-week moving average line.
The weekly OBV line is pointed up telling us that buyers have been more aggressive and the MACD oscillator turned up to a fresh go long signal.
In this daily Point and Figure chart of D, below, we can see that the prices have just about reached a price target. D could move higher but the chart does not suggest that right now.
In this weekly close only Point and Figure chart of D, below, we can see a lot of price history and still the price target is just about reached.
Bottom line strategy: Prices are still pointed upwards but two Point and Figure charts tell us that we may have reached a plateau for now.