WithÂ theÂ utility sector holding firm through the latest correction, CEG hasÂ weathered the downturn superbly. Today the stock broke out to a new 52-week high.
AsÂ the stock is a bit extended, and the RSI(2) is 99,Â it might be prudent to wait for a pullback. Or, consider jumping right in to the momentum bandwagon.
A previous Daily Breakout, MCK, is consolidating its moveÂ very smoothly. It is stocks like these two that are steady making new highs and in sectors which are maintaining good relative strength that will likely lead when the market firms up.