PGN: Know the History; Make Some Money

Click on this chart and study it while realizing that you are looking at a FIVE YEAR time horizon. Do you note the amazingly CONSISTENT variances that Progress Energy has experienced between the general price points of $40 (low) and $45 (high)?

(Feel free to plot a shorter time period at Yahoo Finance to get a more impactful visual of my point).

This extremely consistent trading range was actually brought to my attention about TWO YEARS ago on one of Fox News' business television shows.

The guest analyst was recommending PGN because it was about $40 in price and he commented that his firm routinely buys around $40 and sells around $45 to make easy money. He said that you could set your watch by the way that this stock trades. I have followed the stock for two years and I'll be damned that these fluctuations happen without fail.

Over the last two days, this stock has appreciated about 2.5%...so, we've missed some of the bottom when it was trading below $40.50 on Tuesday/Wednesday. But, it was just something that I wanted to share that I thought was interesting.