A Reversal for Dynegy Inc. Is Not Near. The Stock Reaches All-Time Low Today

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The stock of Dynegy Inc. (NYSE:DYN) reached all time low today, Nov, 23 and still has $15.53 target or 5.00% below today’s $16.35 share price. This indicates more downside for the $1.98 billion company. This technical setup was reported by Barchart.com. If the $15.53 PT is reached, the company will be worth $99.00 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock is down 0.24% or $0.04 after the news, hitting $16.35 per share. About 653,702 shares traded hands. Dynegy Inc. (NYSE:DYN) has declined 50.39% since April 21, 2015 and is downtrending. It has underperformed by 50.01% the S&P500.

Out of 9 analysts covering Dynegy (NYSE:DYN), 6 rate it “Buy”, 0 “Sell”, while 3 “Hold”. This means 67% are positive. Dynegy was the topic in 16 analyst reports since August 9, 2015 according to StockzIntelligence Inc.

According to Zacks Investment Research, “Dynegy Inc. provides wholesale power, capacity and ancillary services to utilities, cooperatives, municipalities and other energy companies in six states in U.S. regions of the Midwest, the Northeast and the West Coast. It operates in three segments: the Coal segment, the Gas Segment and the Dynegy Northeast Segment. Dynegy Inc. is headquartered in Houston, Texas.” Get a free copy of the Zacks research report on Dynegy Inc. (DYN)

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