Xcel Energy Stock (XEL) Surpassed $55, Are ShortSellers Trapped?
The post Xcel Energy Stock (XEL) Surpassed $55, Are ShortSellers Trapped? appeared on BitcoinEthereumNews.com. Xcel Energy Inc. (NASDAQ: XEL) XEL share price has surpassed the 50 day exponential moving average and showcased a pullback from the demand zone of $50 highlighting the buyers’ accumulation in the last session. Furthermore, the price action shows that XEL stock has made a rejection candlestick during the selloff near $50 and bounced back decisively. XEL stock has persisted in forming the lower lows and has faced correction in the past weeks. Moreover, the XEL stock price has surpassed the 20 day EMA and is trying to retest the 100 day exponential moving average and showcased that buyers are looking to flip the downtrend and are trying to retain the channel highs near $60. Xcel Energy (XEL stock) XEL share price has shown buying interest and a vertical rebound in the past sessions. Furthermore, the options chain shows that, at the strike price of $60, a massive open interest of 2026 hundred shares on the call side shows a strong resistance mark which is not easy for the bulls to surpass. Along with that, the channel’s upper neckline and 100 day EMA are there, which is a major hurdle. At press time, XEL stock price is trading at $58.86 with an intraday gain of 1.22% showing bullishness in the last trading session. Moreover, the trading volume increased by 0.24% to 3.90 Million. The market cap is $32.463 Billion. Furthermore, analysts maintained a buy rating with a yearly target price of $65.31 suggesting a growth outlook for the next sessions. Xcel Energy, Inc. operates as a holding company engaged in the generation, purchase, transmission, distribution, and sale of electricity. It operates through the following three segments: Regulated Electric Utility, Regulated Natural Gas Utility and All Others. The Regulated Electric Utility segment generates, transmits, and distributes electricity primarily in Minnesota, Wisconsin,…
The post Xcel Energy Stock (XEL) Surpassed $55, Are ShortSellers Trapped? appeared on BitcoinEthereumNews.com.
Xcel Energy Inc. (NASDAQ: XEL) XEL share price has surpassed the 50 day exponential moving average and showcased a pullback from the demand zone of $50 highlighting the buyers’ accumulation in the last session. Furthermore, the price action shows that XEL stock has made a rejection candlestick during the selloff near $50 and bounced back decisively. XEL stock has persisted in forming the lower lows and has faced correction in the past weeks. Moreover, the XEL stock price has surpassed the 20 day EMA and is trying to retest the 100 day exponential moving average and showcased that buyers are looking to flip the downtrend and are trying to retain the channel highs near $60. Xcel Energy (XEL stock) XEL share price has shown buying interest and a vertical rebound in the past sessions. Furthermore, the options chain shows that, at the strike price of $60, a massive open interest of 2026 hundred shares on the call side shows a strong resistance mark which is not easy for the bulls to surpass. Along with that, the channel’s upper neckline and 100 day EMA are there, which is a major hurdle. At press time, XEL stock price is trading at $58.86 with an intraday gain of 1.22% showing bullishness in the last trading session. Moreover, the trading volume increased by 0.24% to 3.90 Million. The market cap is $32.463 Billion. Furthermore, analysts maintained a buy rating with a yearly target price of $65.31 suggesting a growth outlook for the next sessions. Xcel Energy, Inc. operates as a holding company engaged in the generation, purchase, transmission, distribution, and sale of electricity. It operates through the following three segments: Regulated Electric Utility, Regulated Natural Gas Utility and All Others. The Regulated Electric Utility segment generates, transmits, and distributes electricity primarily in Minnesota, Wisconsin,…
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