Dynegy (DYN) has risen sharply, recording gains of 7.52% in the past 4 weeks. However, the stock has corrected -6.95% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.72% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Dynegy (NYSE:DYN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $16.70 and $16.30 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $16.98. The buying momentum continued till the end and the stock did not give up its gains. It closed at $16.73, notching a gain of 1.89% for the day. The total traded volume was 1,808,256 . The stock had closed at $16.42 on the previous day.
The stock has recorded a 20-day Moving Average of 0.94% and the 50-Day Moving Average is 6.29%. Dynegy Inc. has dropped 2.39% during the last 3-month period . Year-to-Date the stock performance stands at 24.85%.