Energy Stock with Support in Place

Energy stock Constellation Energy Corp (NASDAQ:CEG) just saw a hard bounce at its final large put strike earlier this week, and now has taken back the peak put at the $180 area. The stock has climbed over 60% in 2024 already, seeing a pivot level at $182. CEG is also breaking above the 20-day moving average, while the 5- and 10-day moving averages curl below. To top off the outperformance, Constellation Energy posted strong seasonal data for the third quarter this past Tuesday, Aug. 6. Short-term options tr ...