Consolidated Edison, Inc. is an energy-delivery company. Co. provides a range of energy-related products and services to its customers through its subsidiaries, including Consolidated Edison Co. of New York, Inc. (CECONY), Orange and Rockland Utilities, Inc. (O&R) and Con Edison Transmission, Inc. CECONY is a regulated utility providing electric service in New York City and New York's Westchester County, gas service in Manhattan, the Bronx, parts of Queens and parts of Westchester, and steam service in Manhattan. CECONY provides electric service to approximately 3.7 million customers.
When researching a stock like Consolidated Edison, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from ED Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for ED stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the ED 200 day moving average ("ED 200 DMA"), while one of the most popular "shorter look-backs" is the ED 50 day moving average ("ED 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Consolidated Edison. |
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Video: Technical Analysis