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Just Energy Group Inc. (Canada) T.JE


Primary Symbol: JENGQ

Utilities Utilities - Diversified
Just Energy Group Inc is a retail energy provider specializing in electricity and natural gas commodities and bringing energy efficient solutions and renewable energy options to customers. Geographically, the company is operating in the United States and Canada, Just Energy serves residential and commercial customers.


OTCPK:JENGQ - Post by User

Just Energy Group Inc. (Canada)
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Comment by steam73on Dec 12, 2012 10:16pm
198 Views
Post# 20722908

RE: RE: RE: RE: RE: RE: RE: RE: RE: Financing

RE: RE: RE: RE: RE: RE: RE: RE: RE: Financing

That drop at the end of the day was to be expected.  The stock was trading way above its upper bollinger band and a pullback was inevitable.  Profit takers taking $$$ off the table and short sellers capitalizing on an overbought situation lead to the last half hour of trading.  The good news of today was a boost that exceeded my previous analysis of this stock...which is good!

 

Stock is trading ahead of itself, tomorrow is ex-div date, we should see this stock pull back to around $9.50 or so.  That would bring it back under its upper BB and with the 20 MA turning positive, it looks like the stock may stabilize around the $9.50 mark and the 20 MA will come up to meet that price, making it very stable and forming a base for the next leg up.  If this holds, we could see $10 by the January ex-div date.

 

Steam

 

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