Vistra: Oversold Pullback in Nuclear High Flier?Utility stock Vistra has been an unexpected beneficiary of the AI boom as datacenters gobble up electricity. It’s pulled back recently, and some traders may see an opportunity to follow its uptrend.
The first pattern on today’s chart is the breakout to new highs in late September and early October. Part of that surge resulted from Constellation Energy, a fellow nuclear generator, striking a historic power-supply agreement with Microsoft.
VST then held a 50 percent retracement of the move. That may confirm its direction is pointing higher.
Next, the support occurred near the weekly low of $114.84 from late September. It was tested on October 11 and again on Monday. A hammer candlestick followed, which was potentially confirmed by Tuesday’s bounce.
Finally, stochastics could be rebounding from an oversold condition.
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