During Friday night's Veterans Day themed Mad Money program Jim Cramer also praised utilities such as Exelon Corp. (EXC) for their efforts to employ veterans. Exelon is a Fortune 100 company with energy operations in 48 states along with D.C. and Canada. Let's check out the charts of EXC to see how they are shaping up.
In the daily bar chart of EXC, below, we can see that prices "rolled over" from March to late June and then in early July prices started a decline into early August. Since the beginning of August prices have been finding buying interest around $44. Now EXC is below the cresting 200-day moving average line and the declining 50-day moving average line.
The trading volume shows a big surge in late October as prices quickly plunged from $47 to below $44. Prices rebounded from below $44 (again) and are back down near this support zone. In spite of EXC's up and down swings the daily On-Balance-Volume (OBV) line has been rock steady since early September, which suggests that investors have held their long positions.
The trend-following Moving Average Convergence Divergence (MACD) oscillator is below the zero line in bearish territory but the two moving averages that make up this indicator are very close to a crossover.