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

Tue Mar 26, 2013 8:44am EDT

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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

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   

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   

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

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

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