Eversource Energy (ES) Shares are Up 1.75%

Eversource Energy (ES) has been under a strong bear grip, hence the stock is down -3.61% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 1.12% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.75% in the last 1 week, and is up 2.9% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Eversource Energy (NYSE:ES): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $58.05 and $58.05 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $59.03. The buying momentum continued till the end and the stock did not give up its gains. It closed at $58.88, notching a gain of 1.50% for the day. The total traded volume was 1,215,977 . The stock had closed at $58.01 on the previous day.


The stock has recorded a 20-day Moving Average of 0.53% and the 50-Day Moving Average is 3.35%. Eversource Energy is up 7.16% in the last 3-month period. Year-to-Date the stock performance stands at 17.2%.

Eversource Energy, formerly Northeast Utilities, is a utility holding company engaged in the energy delivery business. The Company operates through three segments: electric distribution, electric transmission and natural gas distribution. The Companys electric distribution segment provides electricity to retail customers in Connecticut and eastern Massachusetts. The electric transmission segment owns and maintains transmission facilities that are part of an interstate power transmission grid over which electricity is transmitted throughout New England. The natural gas distribution segment provides firm natural gas sales service to retail customers who require a continuous natural gas supply throughout the year, such as residential customers who rely on natural gas for heating, hot water and cooking needs, and commercial and industrial customers who choose to purchase natural gas from the Companys natural gas distribution companies.

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