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Exelon: defensive stock
During the period of market turbulence, trading ideas in the form of defensive stock are in demand. Such an option may be the utility sector, more precisely, the company Exelon, which is engaged in the transmission and sale of electricity in the United States. It is 10.3 million consumers in six American states.
Strengths of the issuer:
Risks:
The risks are somewhat mitigated by two points:
a) the Fed rate growth trend will probably end by the middle of the second quarter of 2023;
b) Exelon has one of the lowest electricity tariffs in the sector, so inflation risk has a limited impact on pricing.
The company’s shares are trading at $43.86 and have a growth potential of 16-18% to $51-52.
The MACD indicator starts to grow in the negative zone and forms a buy signal. The Stochastic oscillator continues to grow and confirms the buy signal.
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