Alliant Energy - Chart Of The Day

The Chart of the Day belongs to Alliant Energy (NYSE:LNT). I found the stock by sorting the All Time High list for the stocks with the most frequent new highs in the last month then used the Flipchart feature to review the charts. Since the Trend Spotter signaled a buy on 12/18 the stock gained 2.72%.

Alliant Energy Corp. is a growing energy-services provider with operations both domestically and internationally. Alliant Energy provides electric, natural gas, water and steam services to customers worldwide. Alliant Energy Resources, Inc., the home of the company's non-regulated businesses, has operations and investments throughout the United States as well as in Australia, Brazil, China, Mexico and New Zealand.

Barchart's Opinion trading systems are listed below. Please note that the Barchart Opinion indicators are updated live during the session every 10 minutes and can therefore change during the day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com web site when you read this report.

Barchart technical indicators:

  • 100% Barchart technical buy signals
  • Trend Spotter buy signals
  • Above its 20, 50 and 100 day moving averages
  • 15 new highs and up 8.52% in the last month
  • Relative Strength Index 72.25%
  • Barchart computes a technical support level at 65.43
  • Recently traded at 67.22 with a 50 day moving average 62.47

Fundamental factors:

  • Market Cap $7.46 billion
  • P/E 19.38
  • Dividend yield 3.09%
  • Revenue expected to grow 1.50% this year and another 1.80% next year
  • Earnings estimated to increase 4.80% this year, an additional 4.90% next year and continue to compound at an annual rate of 4.90% for the next 5 years
  • Wall Street analysts issued 3 strong buy, 1 buy and 5 hold recommendations on the stock

The 50-100 Day MACD Oscillator has been a very good technical trading strategy on this stock and should be used to find your exit point.

Disclosure: None.

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