ITC Holdings (ITC) Shares are Up 0.37%

ITC Holdings (ITC) : Traders are bullish on ITC Holdings (ITC) as it has outperformed the S&P 500 by a wide margin of 1.97% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.2%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.37% in the last 1 week, and is up 1.42% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 1.19% and the 50-Day Moving Average is 0.96%.The 200 Day SMA reached 7.7%


ITC Holdings (NYSE:ITC): The stock opened in the green at $46.46 on Friday, but the bulls found it difficult to push the prices higher. The stock reached a high of $46.86 and a low of $46.42 for the day. The stock did not find buyers even at the lows and closed at $46.48 recording a loss of -0.11%. 1,194,429 shares exchanged hands during the trading day. The stock had closed at $46.48 in the previous days trading.

ITC Holdings (ITC) stock is expected to deviate a maximum of $4.43 from the average target price of $42.5 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $47 and the most muted being $37.

ITC Holdings Corp. is an independent electricity transmission company in the United States. The Company operates, maintains and invests in transmission infrastructure. The Companys customers include investor-owned utilities, municipalities, cooperatives, power marketers and alternative energy suppliers. Its regional infrastructure includes four North Central Multi-Value Projects (MVPs) and the Thumb Loop Project. The Companys subsidiaries operations include asset planning; engineering, design and construction; maintenance, and real time operations. The Asset Planning group uses system models and load forecasts to develop its system expansion capital plans. The Engineering, Design and Construction group is engaged in the design, equipment specifications, maintenance plans and project engineering for capital, operation and maintenance work. The Company develops and tracks preventive maintenance plans. Its real time operations include system and local balancing authoring operations.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *