Focus Stocks
More Upside for Duke ?
Published on Wednesday, 21 December 2011 11:34 Written by Christopher Lynn
New York, December 21st (TradersHuddle.com) - Shares of Duke Energy (NYSE:DUK) booked a new 52 week high today by trading above $21.43, traders are definitely monitoring Duke's price action to see if this move attracts further buying into the stock.
Duke Energy Corporation (NYSE:DUK) is an energy company that owns an integrated network of energy assets. The Company manages a portfolio of natural gas and electric supply, delivery, and trading businesses in the United States and Latin America.
Duke is currently trading 0.79% versus its previous trading session close, and it has calculated support and resistance at $19.58 and $20.85 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 -0.7% from its previous trading close, which means that Duke stock is outperforming the overall market.
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