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Fri, September 2, 2011

DIVERSIFIED UTILITIES Stocks Expected To Be Down After Top Correlated Stocks Fire Sell Signals.


Published on 2011-09-02 07:02:18 - WOPRAI
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September 2, 2011 / M2 PRESSWIRE / BUYINS.NET / http://www.squeezetrigger.com is monitoring the top most highly correlated DIVERSIFIED UTILITIES stocks and the majority have fired a Sell signal as of today. SCANA CORP (NYSE:SCG), WISCONSIN ENERGY CORP (NYSE:WEC), AMEREN CORPORATION (NYSE:AEE), CH ENERGY GROUP INC (NYSE:CHG), CONSOLIDATED EDISON INC (NYSE:ED) are all expected to be Down as the top stocks in the sector have fired Sell signals. Group rotation is a phenomenon where institutions exert buying or selling pressure in an industry group, pushing prices of the group higher or higher relative to the general market. An industry can often lead or lag the market, and the most highly correlated stocks (mirror closest to the overall move in that group) usually move in unison. The technology used to make these predictions is available for a low monthly fee at http://www.squeezetrigger.com/services/strat/mh.php . The chart below displays the correlation, beta and relative strength of the top most highly correlated stocks in the highlighted industry group:

     Symbol     Company                             Correlation     Beta        RelStr      Sector 
     SCG        SCANA CORP                          0.84            0.52        0.99        DIVERSIFIED UTILITIES
     WEC        WISCONSIN ENERGY CORP               0.78            0.27        0.99        DIVERSIFIED UTILITIES
     AEE        AMEREN CORPORATION                  0.79            0.55        1.02        DIVERSIFIED UTILITIES
     CHG        CH ENERGY GROUP INC                 0.7             0.3         1           DIVERSIFIED UTILITIES
     ED         CONSOLIDATED EDISON INC             0.8             0.21        0.98        DIVERSIFIED UTILITIES
We automatically calculate correlation to help find the stocks that most closely match their groups movement and generate powerful group consensus trading signals to profit from the herd mentality. When multiple stocks in a group turn at the same time and the rotation of that group is confirmed, an explosive move typically occurs. Correlation measures the tendency for a symbol to move in unison with the group, beta measures the amount the symbol is expected to move relative to the group and relative strength looks back at the recent past to show how the stock has been moving relative to the group.

SCANA CORP (NYSE:SCG) - SCANA Corporation and its subsidiaries engage in the generation, transmission, distribution, and sale of electricity to retail and wholesale customers in South Carolina. It owns nuclear, coal, hydro, oil and gas, and biomass generating facilities. The company also purchases, sells, and transports natural gas; offers energy-related risk management services; acquires, owns, and provides financing for nuclear fuel, fossil fuel, and emission allowances; and offers service contracts on home appliances, and heating and air conditioning units. In addition, SCANA Corporation owns two liquefied natural gas plants, including one located near Charleston, and the other in Salley, South Carolina; and provides tower site construction, management, and rental services in South Carolina and North Carolina. As of December 31, 2010, the company supplied electricity to approximately 660,000 customers; and natural gas to approximately 482,000 residential, commercial, and industrial customers in North Carolina, as well as to approximately 460,000 customers in Georgia. Further, SCANA Corporation owns and operates a 500-mile fiber optic telecommunications network and Ethernet network, and data center facilities in South Carolina. Through a joint venture, it builds, manages, and leases communications towers with interest in 2,280 miles of fiber in South Carolina, North Carolina, and Georgia. The companys retail customers comprise municipalities, electric cooperatives, other investor-owned utilities, registered marketers, and federal and state electric agencies. It primarily serves chemicals, educational services, paper products, food products, lumber and wood products, health services, textile manufacturing, rubber and miscellaneous plastic products, and fabricated metal products industries. The company was founded in 1924 and is based in Cayce, South Carolina.

WISCONSIN ENERGY CORP (NYSE:WEC) - Wisconsin Energy Corporation, through its subsidiaries, generates and distributes electric energy in southeastern, east central, and northern Wisconsin, as well as in the Upper Peninsula of Michigan. It also distributes natural gas in Wisconsin, as well as steam in metropolitan Milwaukee, Wisconsin. The company provides its services under the We Energies name. In addition, it engages in the engineering, construction, and development of hydro, coal, natural gas, and wind electric power generating facilities. Further, the company develops and invests in real estate properties, including business parks and other commercial real estate projects primarily in southeastern Wisconsin. It provides electric utility service to customers in various industries, such as mining, paper, foundry, food products, and machinery production, as well as to large retail chains. Wisconsin Energy Corporation was founded in 1981 and is based in Milwaukee, Wisconsin.

AMEREN CORPORATION (NYSE:AEE) - Ameren Corporation, through its subsidiaries, operates as a public utility holding company in Missouri and Illinois. It engages in the rate-regulated electric generation, transmission, and distribution businesses; rate-regulated natural gas transmission and distribution businesses; and merchant generation businesses. The company was founded in 1881 and is headquartered in St. Louis, Missouri.

CH ENERGY GROUP INC (NYSE:CHG) - CH Energy Group, Inc., through its subsidiaries, Central Hudson Gas & Electric Corporation (Central Hudson) and Central Hudson Enterprises Corporation (CHEC) engages in the electric utility, natural gas utility, and fuel distribution business. Central Hudson purchases, sells at wholesale, and distributes electricity and natural gas at retail in portions of New York State. As of December 31, 2009, it delivered electricity and natural gas to approximately 300,000 electric customers and 74,000 natural gas customers in the Mid-Hudson Valley region of New York State. CHEC markets petroleum products and related services to retail and wholesale customers, as well as provides service and maintenance of energy conservation measures and generation systems for private businesses, institutions, and government entities. It also involves in fuel distribution, including heating oil, gasoline, diesel fuel, kerosene, and propane; and the installation and maintenance of heating, ventilating, and air conditioning equipment in Virginia, West Virginia, Maryland, Delaware, and Washington, D.C. In addition, CHEC participates in cogeneration, wind generation, biomass energy projects, landfill gas projects, and alternate fuel and energy production projects in New Jersey, New Hampshire, New York, Wisconsin, and Pennsylvania; and a corn-ethanol production project in Nebraska. CH Energy Group was founded in 1926 and is headquartered in Poughkeepsie, New York.

CONSOLIDATED EDISON INC (NYSE:ED) - Consolidated Edison, Inc., through its subsidiaries, provides electric, gas, and steam utility services in the United States. It provides electric service to approximately 3.3 million customers and gas service to approximately 1.1 million customers in New York City and Westchester County, as well as provides steam service to office buildings and apartment houses in parts of Manhattan. The company also provides electric service to approximately 0.3 million customers in southeastern New York and in adjacent areas of northern New Jersey, and northeastern Pennsylvania; and gas service to approximately 0.1 million customers in southeastern New York and adjacent areas of northeastern Pennsylvania. In addition, Consolidated Edison involves in the sale and related hedging of electricity to wholesale and retail customers; operation of generating plants; participation in other infrastructure projects; and provision of energy-efficiency services, including the design and installation of lighting retrofits, high-efficiency heating, ventilating and air conditioning equipment, and other energy saving technologies to government and commercial customers. It serves residential, industrial, and large commercial customers. The company was founded in 1884 and is based in New York, New York.

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