Consolidated Edison, Inc. (NYSE:ED) is holding above the stock’s moving averages, indicating a postitive uptrend for Utilities company.
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In order to tell which way a stock is trending, the stock’s share price should be compared to its moving average. The stock will be uptrending if it is being traded above its moving averages and downtrending if it is being traded below. The stock stands 1.09% away from its 50-day simple moving average and 6.93% away from the 200-day average. The price currently stands at $85.30.
Let’s take a look at how the stock has been performing recently. Over the past twelve months, Consolidated Edison, Inc. (NYSE:ED)‘s stock was 11.56%. 8.07% over the last quarter, and 10.45% for the past six months.
Over the past 50 days,