Large Inflow of Money Detected in Dominion Resources

Dominion Resources (D): $12.52 million was the positive money flow into the stock on Wednesday and the up/down ratio of ticks was also in favor of the bulls at 1.83. The value of trades done on upticks was $27.57 million, whereas, trades done on downticks were valued at $15.05 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $12.15 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $1.49 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 8.16 was strongly in favor of the bulls. The money flow in block trades was $10.66 million. Dominion Resources (D) fell $0.53 traded at $77.3, a change of -0.68% over the previous day. The stock is -0.3% for the week.


Also, Equity Analysts at the Brokerage Firm, JP Morgan, downgrades their rating on the shares of Dominion Resources (NYSE:D). JP Morgan has a Neutral rating on the shares. Previously, the analysts had a Overweight rating on the shares. As per the latest research report, the brokerage house raises the price target to $81 per share from a prior target of $76. The rating by the firm was issued on June 16, 2016.

Dominion Resources (NYSE:D): The stock opened at $77.72 on Wednesday but the bulls could not build on the opening and the stock topped out at $77.99 for the day. The stock traded down to $77.23 during the day, due to lack of any buying support eventually closed down at $77.30 with a loss of -0.68% for the day. The stock had closed at $77.83 on the previous day. The total traded volume was 1,408,546 shares.

The stock has recorded a 20-day Moving Average of 0.62% and the 50-Day Moving Average is 4.71%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Senior Vice President) of Dominion Resources Inc /Va/, Blue Robert M had sold 3,088 shares worth of $216,561 in a transaction dated February 5, 2016. In this transaction, 3,088 shares were sold at $70.13 per share.

Dominion Resources, Inc. (Dominion) is a producer and transporter of energy. The Company is a provider of electricity, natural gas and related services to customers in the eastern region of the United States. The Company operates in three segments: Dominion Virginia Power (DVP), Dominion Generation and Dominion Energy. As of December 31, 2014, the Companys portfolio of assets includes approximately 24,600 megawatt (MW) of generating capacity; 6,400 miles of electric transmission lines; 57,100 miles of electric distribution lines; 10,900 miles of natural gas transmission, gathering and storage pipeline, and 21,900 miles of gas distribution pipeline, exclusive of service lines. Dominions operations are conducted through various subsidiaries, including Virginia Power and Dominion Gas. The Company also operates one of the underground natural gas storage systems, with approximately 947 billion cubic feet (bcf) of storage capacity.

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