Talen Energy Corporation (TLN) has risen sharply, recording gains of 0.36% in the past 4 weeks. However, the stock has corrected -0.07% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.9% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.05% and the 50-Day Moving Average is 0.71%.The 200 Day SMA reached 28.48%
Talen Energy Corporation (NYSE:TLN): After opening at $13.82, the stock dipped to an intraday low of $13.8 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $13.86 and the buying power remained strong till the end. The stock closed at $13.85 for the day, a gain of 0.29% for the day session. The total traded volume was 797,984. The stocks close on the previous trading day was $13.85.
Talen Energy Corporation (Talen) is an energy and power generation company in the United States. The Company generates and sells electricity, capacity and related products from a fleet of power plants that uses various fuel sources, such as carbon-free nuclear, natural gas and coal. Its plants are located in PJM (Mid-Atlantic) and ERCOT (Texas), two of the power markets in the United States. The Company also operates approximately three combined-cycle, natural gas-fired power plants with over 2,500 megawatts of generating capacity to its fleet, which are located in New York, western Massachusetts and western Arizona. The Company provides energy and power for homes, and small and large businesses. Talen sells the output of its power plants to regional transmission organizations, independent system operators, utilities, cooperatives, municipalities and power marketers, as well as commercial and industrial, small business and residential customers.