Xcel - 52 Week High

Published on Thursday, 29 July 2010 11:38 Written by TradersHuddle Staff

New York, July 29th (TradersHuddle.com) - Shares of Xcel Energy, Inc. (NYSE:XEL) booked a new 52 week high today by trading above $22.89, traders are definitely monitoring Xcel's price action to see if this move attracts further buying into the stock.

Xcel Energy, Inc. (NYSE:XEL) provides electric and natural gas services. The Company offers a variety of energy-related services, including generation, transmission, and distribution of electricity and natural gas throughout the United States. Xcel utilities serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.

Xcel is currently trading -0.22% versus its previous trading session close, and it has calculated support and resistance at $20.55 and $21.96 respectively. Clearly with this action this range has been penetrated, and traders will be reviewing price action to establish a new tradable range

The overall market index S&P 500 is trading lower by -0.37% from its previous trading close, which means that Xcel stock is outperforming the overall market.