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Algonquin Power & Utilities Corp T.AQN

Alternate Symbol(s):  T.AQN.PR.A | T.AQN.PR.D | AGQPF | AQN

Algonquin Power & Utilities Corp. is a Canada-based diversified international generation, transmission, and distribution company. The Company through its two business groups, the Regulated Services Group, and the Renewable Energy Group, provides sustainable energy and water solutions through its portfolio of electric generation, transmission, and distribution utility investments to over one million customer connections, largely in the United States and Canada. The Company is engaged in renewable energy through its portfolio of long-term contracted wind, solar, and hydroelectric generating facilities. The Company owns, operates, and/or has net interests in over four gigawatts (GW) of installed renewable energy capacity. The Company is focused on its expanding global pipeline of renewable energy and electric transmission development projects, organic growth within its rate-regulated generation, distribution and transmission businesses, and the pursuit of accretive acquisitions.


TSX:AQN - Post by User

Post by dvptrafficjamon May 23, 2011 7:58pm
285 Views
Post# 18615569

Great looking chart on AQN

Great looking chart on AQNAQN trades very nicely on support and resistance levels which makes this a perfect stock for swing trading.

If you refer to this chart https://www.hotstockmarket.com/forum/thread/116224/aqn-algonquin-power-utilities-corp#post_2739135

See how from November the $5 level was resistance? In January there was a move over, but the stock fell back below and in Feb $5 was again resistance.

What happens next is that once the sellers are $5 were taken out, this is potentially a support level.

So was it?

Yep, you can see in March, although it was taken out, the stock recovered back over $5 the next day, then in April, $5 support held almost to the cent.

This was a perfect swing trade low entry, and as you can see, a new 52wk high today.



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