Pre-Market Analysis on Analysis on Edison Intl., Calpine, Southern, and Consolidated Edison
LONDON, March 8, 2013 /PRNewswire/ --
A sharp decline in natural gas prices in 2012 resulted in several electric utilities to switch from coal and natural gas. With natural gas prices expected to remain low in 2013, the trend is expected to continue in 2013. Meanwhile, electric utilities such as Edison International (NYSE: EIX), Calpine Corporation (NYSE: CPN), The Southern Company (NYSE: SO) and Consolidated Edison Inc. (NYSE: ED) will be hoping for a normal winter this year. An unusually warm winter had a negative impact on electric utilities last year. Finally, electric utilities are also adapting to new environmental regulations. On Thursday, electric utilities ended mostly lower even as the broad market ended higher. StockCall has posted free technical research on EIX, CPN, SO, and ED which can be downloaded upon sign up at
http://www.stockcall.com/signup
Shares of Edison International reached a 52-week high of $50.32 in Thursday's trading session. However, the stock failed to hold on to its gains and finished marginally lower. Edison International shares ended 0.04% lower at $50.17 on volume of 2.05 million. Despite the pullback yesterday, the company's shares have gained more than 1.60% in the last three trading sessions. Year-to-date, the stock has gained more than 11%, compared to a gain of over 8.20% for the S&P 500. It currently has a dividend yield of 2.69%. The stock trades on a P/E multiple of 11.00. Edison International's 50-day moving average recently crossed above the 200-day moving average. This is a strong bullish signal. The bullish trend is further confirmed by the stock's MACD chart. Sign up and read the complimentary report on EIX at
http://www.StockCall.com/EIX030813.pdf
Shares of Calpine Corporation edged higher in Thursday's trading session. Nevertheless, gains were limited. The stock closed 0.26% higher at $19.45 on volume of 1.92 million. In the last three trading sessions, Calpine Corp.'s shares have gained more than 4%. Year-to-date, the stock has gained more than 7.20%, underperforming the S&P 500. Shares of CPN are currently facing resistance at around $19.50. The stock has seen series of highs in the last few trading sessions, which is a bullish signal. The bullish trend is further confirmed by the stock's MACD chart and recent volume activity. The free report on CPN can be downloaded by signing up now at
http://www.StockCall.com/CPN030813.pdf
The Southern Company shares ended marginally lower in Thursday's trading session. The stock closed 0.20% lower at $45.39 on volume of 4.16 million. Year-to-date, the company's shares have gained more than 6%, underperforming the S&P 500. The stock has a dividend yield of 4.32% and trades on a P/E multiple of 17.00. Shares of SO are facing resistance at around $46. The stock currently has support at $44.50. Its MACD is currently trading above the signal line and the zero-line, which is a strong bullish signal. Free report on SO can be accessed by registering at
http://www.StockCall.com/SO030813.pdf
Shares of Consolidated Edison fell in Thursday's trading session. However, losses were limited. The stock closed 0.46% lower at $58.98 on volume of 1.19 million. Consolidated Edison's shares have underperformed the S&P 500 this year, gaining more than 6%, compared to a gain of over 8.20% for the S&P 500. Register with StockCall and download the research on ED for free at
http://www.StockCall.com/ED030813.pdf
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