Westar Energy (WR) : Traders are bullish on Westar Energy (WR) as it has outperformed the S&P 500 by a wide margin of 2.49% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.87%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.38% in the last 1 week, and is up 2.35% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.13% and the 50-Day Moving Average is 0.15%.The 200 Day SMA reached 13.23%. Westar Energy, Inc. has dropped 1.23% during the last 3-month period . Year-to-Date the stock performance stands at 32.32%.
Westar Energy (NYSE:WR): After opening at $54.77, the stock dipped to an intraday low of $54.77 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $55.49 and the buying power remained strong till the end. The stock closed at $55.25 for the day, a gain of 0.84% for the day session. The total traded volume was 437,116. The stocks close on the previous trading day was $54.79.
Westar Energy, Inc. (Westar Energy) is an electric utility in Kansas. The Company provides electric generation, transmission and distribution services to approximately 693,000 customers in Kansas. The Company provides these services in central and northeastern Kansas, including the cities of Topeka, Lawrence, Manhattan, Salina and Hutchinson. Kansas Gas and Electric Company (KGE), Westar Energys wholly owned subsidiary, provides the services in south-central and southeastern Kansas, including the city of Wichita. Both Westar Energy and KGE conduct business using the name Westar Energy. The Company supplies electric energy at retail to customers in Kansas. The Company also supplies electric energy at wholesale to municipalities and electric cooperatives in Kansas. The Company classifies it customer as residential, commercial and industrial. It has around 6,645 megawatts (MW) of generating capacity in service. Its installed wind power generation capacity is around 515 MW.