EXELON CORP (NASDAQ:EXC) Shows Strong Technical Breakout Potential

Technical breakout investing focuses on identifying stocks with strong momentum and consolidation patterns that suggest an upcoming price move. EXELON CORP (NASDAQ:EXC) currently presents a compelling case for traders looking for such opportunities.

Why EXC Stands Out

EXELON CORP has earned a perfect 10 on the ChartMill Technical Rating, indicating robust technical health. The stock is in a strong uptrend, with both short-term and long-term trends positive. Additionally, it outperforms 91% of all stocks in the market and 95% of its peers in the Electric Utilities industry.

The stock also scores an 8 on the ChartMill Setup Rating, signaling a consolidation phase with reduced volatility. A resistance zone sits just above the current price at $47.23, while support holds near $46.70. This setup suggests a potential breakout if the stock clears resistance.

Key Technical Highlights

• Trend Strength: Both short-term and long-term trends are bullish.
• Relative Strength: Outperforming most stocks and industry peers.
• Consolidation Pattern: Tight trading range with decreasing volatility.
• Support & Resistance: Clear levels for entry and stop-loss placement.

For a deeper analysis, review the full technical report.

Potential Trade Setup

A breakout above $47.39 (just above resistance) could signal an entry, with a stop-loss below $45.70 (below the 10-day low). This limits downside risk to 3.57%.

For more breakout candidates, check the Technical Breakout Setups screen.