Korea Electric Power Corp. (NYSE: KEP) shares rose in value Monday Nov 21 with lower trade volume than normal after a number of analysts weighed in on the investing value of the stock with a upgraded rating.
Meanwhile, stocks were set to open up this morning. The Dow Jones Industrial Average futures YMZ6, +0.20% was 10 points, or less than 0.1%, higher at 18,863, while S&P 500 index futures ESZ6, +0.44% rose 3.95 points, or 0.2%, at 2,184.75. Nasdaq-100 NQZ6, +0.74% added 12.25 points, or 0.2%, to 4,820.75.
Analysts at Bank of America Corp. upgraded shares of Korea Electric Power Corp. (NYSE: KEP) from Underperform to Neutral today. The company currently has a rating of Neutral on the stock. The one-year price target of $25.00 is higher than the opening price of $20.18, resulting a number of other analysts to report on the stock in recent days. Looking back over the last year, Korea Electric Power Corp. stock has a high of $28.37. Usually, after analysts assign an upgrade report on a stock, they will subsequently issue other updates, such as a price target change.
Korea Electric Power Corp. (NYSE: KEP) shares last traded at $20.06, which is a jump of $0.24 or 1.21% over the previous closing price. Opening at $20.18, they fluctuated from $20.05 and $20.20 throughout the day.
Korea Electric Power Corp. (NYSE: KEP) currently has a market cap of 25.76B.
Korea Electric Power Corp. (NYSE: KEP) Average Daily Trading Volume
The stock’s average daily volume is 523,170 shares out of a total float 1,050,240,000 and some 79,369 shares crossed the trading desk yesterday, lower than the average. Look for trading volume to pick up in the coming days as momentum traders often use upticks in trading volume to identify substantial volume aggregation or distribution by institutional investors.
As with all possible breakouts, investors watch for volume to be at least 40%-50% above normal on the breakout to indicate that fund managers and other professional investors are jumping in.
Institutional sponsorship is defined by ownership of a stock by mutual funds, banks, pension funds and other large institutions.
These professional investors retain teams of analysts researching thousands of stocks, so it is good corroboration to see them buying a stock you are considering.
Korea Electric Power Corp. (NYSE: KEP) Moving Averages
A moving average can also act as support or resistance. In an uptrend a 50-day, 100-day or 200-day moving average may act as a support level, as shown in the figure below.
This is because the average acts like a floor (support), so the price bounces up off of it.
In a downtrend a moving average may act as resistance; like a ceiling, the price hits it and then starts to drop again.
By identifying trends, moving averages allow traders to make those trends work in their favor and increase the number of successful trades.
Trades for Korea Electric Power Corp. (NYSE: KEP) have ranged from $19.52 – 28.37, and the stock now has a 50-day MA of $22.10 and 200-day MA of $25.15. Today’s last price is 29.29%% under the 52 week high of $28.37.
Indeed, earnings growth is among the most critical things to look at in regards to stock investing and, accordingly, investors seek companies that have increased their earnings at least 25% or more for the past 3 years.
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